New Jersey § 17:9A-319 Issuance, denial of certificate of authority

New Jersey Statutes

§ 17:9A-319 — Issuance, denial of certificate of authority

New Jersey § 17:9A-319

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:9A-319 (Issuance, denial of certificate of authority) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:9A-319 (2026).

Text

319. A. Within 60 days following the receipt of the application of a foreign bank for a certificate of authority to transact business in this State, the commissioner shall issue the certificate or make an order denying the application. B. The commissioner shall issue the certificate if he is satisfied from the application submitted to him, or otherwise, (1) that the foreign bank is authorized by the laws under which it is incorporated to act as trustee, testamentary trustee, fiduciary, executor or guardian;

(2)that the foreign bank has capital and surplus of not less than one million dollars; and (3) that the foreign bank has complied in good faith with all of the requirements of section 318. C. Before issuing or denying a certificate of authority, the commissioner may require a foreign b

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319. A. Within 60 days following the receipt of the application of a foreign bank for a certificate of authority to transact business in this State, the commissioner shall issue the certificate or make an order denying the application. B. The commissioner shall issue the certificate if he is satisfied from the application submitted to him, or otherwise, (1) that the foreign bank is authorized by the laws under which it is incorporated to act as trustee, testamentary trustee, fiduciary, executor or guardian; (2) that the foreign bank has capital and surplus of not less than one million dollars; and (3) that the foreign bank has complied in good faith with all of the requirements of section 318. C. Before issuing or denying a certificate of authority, the commissioner may require a foreign bank which makes application for a certificate of authority to submit to him additional information, in such form and manner as he may require. L.1948,c.67,s.319; amended 1999, c.159, s.8.