N.J.S.A. 17:16J-14 — Foreign depositories; acquisition

17:16J-14. Foreign depositories; acquisition Any state chartered depository may purchase or otherwise acquire one or more foreign depositories to the same extent and in the same manner that a federally chartered depository having its principal office in this State may purchase or otherwise acquire one or more foreign depositories. This acquisition shall be subject to the approval of the commissioner, who in so doing shall apply standards similar to those to be applied by the applicable federal regulatory authority in the event of acquisition by a federal depository. L.1982, c. 8, s. 14, eff. March 4, 1982.

This is the verbatim text of N.J.S.A. 17:16J-14, 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.