New Jersey § 17:12b-28
Full text of New Jersey New Jersey Statutes § 17:12b-28, with citation guidance and answers to common questions.
§ 17:12b-28.
A State association may change the location of its principal office to a location
then occupied by a branch office operated by it, subject to the requirements herein
set forth: (1) If the interchange results in the new location of the principal office remaining
in the same municipality as the previous location, the State association shall file
a certificate of such change with the commissioner within 1 week from the date such
change is made. The State association may, in such case, operate its principal office at the location
previously occupied by its branch office and may operate a branch office at the location
previously occupied by its principal office without further requirement. (2) If the interchange results in the principal office being removed from one municipality
to another, the State association shall apply to the commissioner for written approval
of such change of location in accordance with the provisions of section 40 of this
act. 1 Upon approval of the commissioner, in accordance with section 40 of this act, the
association may operate its principal office at the previous location of its branch
office and may operate a branch office at the previous location of its principal office
without further requirement. The failure of a State association to complete such interchange within 12 months after
filing the certificate or after approval by the commissioner, as the case may be,
shall automatically terminate the rights of the State association to effect such interchange,
except that, for good cause shown, the commissioner may in his discretion on application
of the State association, extend for additional periods, not in excess of 12 months
each, the time within which such interchange may be effected, provided the initial
application shall be made before the expiration of 12 months from the date that the
commissioner approves the application and any subsequent application for extension
shall be made before the expiration of any subsequent period for which permission
to extend is granted by the commissioner. 1
N.J.S.A. § 17:12B-40.
Frequently Asked Questions About New Jersey § 17:12b-28
What does New Jersey Statutes § 17:12b-28 cover?
Section 17:12b-28 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-28?
A common citation format is "New Jersey Statutes § 17:12b-28" (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-28 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.