Home/New Jersey/Statutes/Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE/§ 17:16E-1
New Jersey Statutes

§ 17:16E-1 — Purpose

New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
The purpose of this act is to further fair competition among financial institutions by prohibiting certain interlocking relationships among institutions located in the same municipality, or in contiguous or adjacent municipalities. L.1975, c. 265, s. 1, eff. Jan. 1, 1976.

Free access — add to your briefcase to read the full text and ask questions with AI

New Jersey § 17:16E-1 (Purpose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

7
§ 17:16E-1
Purpose
§ 17:16E-1.1
Compliance of bank, savings bank with prohibition on interlocking relationships
§ 17:16E-2
Definitions
§ 17:16E-3
Mutual directors, officers or managers of financial institutions in same, adjacent, or contiguous municipalities; prohibition
§ 17:16E-4
Rules and regulations; waiver of prohibition; determination of adjacent municipalities
§ 17:16E-5
Interlocking relationships existing prior to this act; termination
§ 17:16E-6
Bank holding companies and financial institutions with common ownership; inapplicability of act
View on official source ↗