N.J.S.A. 17:14A-28

Bonding of directors, officers and employees; waiver

17:14A-28. Bonding of directors, officers and employees; waiver If a safe deposit company is unable to obtain the bond or bonds required by R.S. 17:14A-27, the commissioner may, in his discretion, waive the requirements of R.S. 17:14A-27 for a period of one year, upon terms as he may deem appropriate, that the company is adequately capitalized and that a waiver will not otherwise endanger the financial condition of the company. L.1983, c. 566, s. 17:14A-28.

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This is the verbatim text of N.J.S.A. 17:14A-28, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 17:14A-28 — Bonding of directors, officers and employees; waiver | Kyzer