N.J.S.A. 17:9A-304 — Acceptance of loans from federal government

17:9A-304. Acceptance of loans from federal government While in possession of the business and property of a bank pursuant to the provisions of this article, the commissioner, or a receiver or receivers appointed pursuant to section 303, may, in the name of the bank, apply for and accept a loan or loans from the United States or from any officer, board, commissioner, corporation or other body created by the United States, and may pledge as security therefor all or any part of the assets of the bank. L.1948,c.67,s.304.

This is the verbatim text of N.J.S.A. 17:9A-304, 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.