New Jersey § 17:12b-249
Full text of New Jersey New Jersey Statutes § 17:12b-249, with citation guidance and answers to common questions.
§ 17:12b-249.
If the commissioner shall find that: a. The establishment of such capital stock association is in the public interest; b. Will be of benefit to the area proposed to be served; c. May be established without undue injury to any other association in the area in
which it is proposed to locate such capital stock association; d. The capital stock association will have a reasonable prospect of success; e. The character, responsibility and general fitness of the incorporators are such
as to command confidence and warrant belief that the business of the capital stock
association will be honestly and efficiently conducted; f. The name proposed for the capital stock association conforms with the requirements
of the act and that the proposed bylaws are proper; g. The capital stock association has filed proofs as to the mailing of notice and
publication required by the act; and h. The provisions of section 19 of this amendatory and supplementary act 1 dealing with capital stock and capital surplus requirements have been complied with
to his satisfaction, and it is qualified as a member of the Federal Savings and Loan
Insurance Corporation; he shall approve such application and issue a certificate of approval which shall
be endorsed upon or annexed to such certificate of incorporation. 1
N.J.S.A. § 17:12B-248.
Frequently Asked Questions About New Jersey § 17:12b-249
What does New Jersey Statutes § 17:12b-249 cover?
Section 17:12b-249 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-249?
A common citation format is "New Jersey Statutes § 17:12b-249" (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-249 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.