N.J.S.A. 17:14A-57 — Control of safe deposit company; investigation by commissioner

17:14A-57. Control of safe deposit company; investigation by commissioner After the filing of the application as provided in R.S. 17:14A-56, the commissioner shall conduct an investigation to determine whether: a. The acquisition of control of the safe deposit company is not contrary to law; b. The acquisition of control of the safe deposit company is in the best interest of the public; c. The character, responsibility and general fitness of the person or company seeking to acquire control of the safe deposit company are such as to command confidence and warrant belief that the business of the safe deposit company will be honestly and efficiently conducted in a manner consistent with the public interest, the interests of lessees and creditors of the safe deposit company; and d. The exercise of control of the safe deposit company may impair the safe and sound conduct of the business of the safe deposit company, the conservation of its assets or public confidence in its business. L.1983, c. 566, s. 17:14A-57.

This is the verbatim text of N.J.S.A. 17:14A-57, 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.