New Jersey Statutes
§ 17:16Z-5 — Application for designation of banking development district.
New Jersey § 17:16Z-5
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:16Z-5 (Application for designation of banking development district.) 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. § 17:16Z-5 (2026).
Text
5.
a.A municipality, in conjunction with a bank, may submit an application to the commissioner for the designation of a banking development district within a specified geographic area.
b.The commissioner shall issue a determination as to an application for designation as a district within 60 days of receipt of the application. If an application is approved, the commissioner shall transmit notification of the approval to the municipality requesting the district, the State Treasurer, and any bank which has or will have a branch located in the district.
c.A bank may submit an application to open a branch in the requested banking development district, subject to all applicable federal and State laws regarding the establishment of branch offices, simultaneously with the submission of the app
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Nearby Sections
15
§ 17:16Z-1
Short title.§ 17:16Z-3
Banking Development District Program.§ 17:16Z-4
Rules, regulations setting forth criteria for establishment of banking development districts.§ 17:16Z-8
Rules, regulations.§ 17:16ZZ-10
Additional authority of the commissioner.§ 17:16ZZ-12
Actions, counterclaims by borrower.§ 17:16ZZ-13
Remedies not exclusive.§ 17:16ZZ-14
Compliance with federal laws and regulations.§ 17:16ZZ-15
Reports.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 17:16Z-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A16Z-5.