New Jersey § 17:12b-179
Full text of New Jersey New Jersey Statutes § 17:12b-179, with citation guidance and answers to common questions.
§ 17:12b-179.
Revocation of authority to transact business. If it shall appear to the commissioner that the interests of the creditors or members
of a State association are being jeopardized because the State association has violated
any law of this State or any of its by-laws, or because it is conducting its business
in an unsafe or unauthorized manner; or if the State association refuses to submit
its books, papers and concerns to the inspection of the commissioner, or an examiner
appointed by him; or if an officer or director refuses to be examined on oath or
affirmation regarding the affairs of a State association; or if a State association
suspends payment of its creditor obligations; or if any application for withdrawal
shall remain unpaid in whole or in part for a period of more than 90 days after it
shall have been filed; or if, as a result of any examination or from any report made
to him, the commissioner has reason to conclude that the State association is in an
unsound or unsafe condition to transact business; or that its capital is impaired;
or that it is unsafe or inexpedient for it to continue business; or if it neglects
or refuses to comply with any order issued by the commissioner pursuant to section
178 of this act, 1 the commissioner may proceed in the manner provided in sections 180, 181 and 182
of this act, 2 or any one or more of said sections. 1
N.J.S.A. § 17:12B-178. 2
N.J.S.A. §§ 17:12B-180, 17:12B-181 and 17:12B-182.
Frequently Asked Questions About New Jersey § 17:12b-179
What does New Jersey Statutes § 17:12b-179 cover?
Section 17:12b-179 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 17:12b-179?
A common citation format is "New Jersey Statutes § 17:12b-179" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:12b-179 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.