New Jersey § 17:16E-3 Mutual directors, officers or managers of financial institutions  in same, adjacent, or contiguous municipalities;  prohibition

New Jersey Statutes

§ 17:16E-3 — Mutual directors, officers or managers of financial institutions in same, adjacent, or contiguous municipalities; prohibition

New Jersey § 17:16E-3

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16E-3 (Mutual directors, officers or managers of financial institutions in same, adjacent, or contiguous municipalities; prohibition) 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. § 17:16E-3 (2026).

Text

Except as otherwise provided in section 6 of this act no person who is a director, officer or manager of a financial institution which has a principal or branch office in a particular municipality shall serve as a director, officer or manager of another financial institution which has a principal or branch office in the same municipality or in a contiguous or adjacent municipality. L.1975, c. 265, s. 3, eff. Jan. 1, 1976.

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Except as otherwise provided in section 6 of this act no person who is a director, officer or manager of a financial institution which has a principal or branch office in a particular municipality shall serve as a director, officer or manager of another financial institution which has a principal or branch office in the same municipality or in a contiguous or adjacent municipality. L.1975, c. 265, s. 3, eff. Jan. 1, 1976.