New Jersey § 17:9a-14
Full text of New Jersey New Jersey Statutes § 17:9a-14, with citation guidance and answers to common questions.
§ 17:9a-14.
A. When the bank or savings bank shall have proved to the satisfaction of the commissioner,
by affidavit of two of its officers, and when the commissioner shall have verified
by examination that (1) The certificate of incorporation has been filed as specified in section 12; 1 (2) In the case of a bank, the entire capital stock, surplus, and reserve fund for
organization expense, stated in the certificate of incorporation, have been fully
paid in cash, unconditionally and without reservation; or (3) In the case of a savings bank, the entire capital deposits stated in the certificate
of incorporation have been fully paid in cash, unconditionally and without reservation;
and (4) The cash paid in for the capital stock and surplus or capital deposits, as the
case may be, is on deposit in a banking institution in this State, without offset,
claim or demand whatsoever, and subject to withdrawal upon demand, and when the bank or savings bank shall have proved to the satisfaction of the commissioner
that the proposed officers who will have control or supervision of the bank's operations
possess the qualifications, experience and character required for the duties and responsibilities
with which they will be charged, the commissioner shall issue a certificate of authority
to the bank or savings bank wherein it shall be stated that the bank or savings bank
therein named has complied with the provisions of this act and is authorized to begin
the transaction of the business specified in the certificate of incorporation. A copy of the certificate of authority shall be filed in the department. B. Upon the issuance of the certificate of authority, the bank or savings bank shall
be authorized to begin the transaction of business. 1
N.J.S.A. § 17:9A-12.
Frequently Asked Questions About New Jersey § 17:9a-14
What does New Jersey Statutes § 17:9a-14 cover?
Section 17:9a-14 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 § 17:9a-14?
A common citation format is "New Jersey Statutes § 17:9a-14" (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 § 17:9a-14 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.