New Jersey § 17:9a-150
Full text of New Jersey New Jersey Statutes § 17:9a-150, with citation guidance and answers to common questions.
§ 17:9a-150.
The submission to the commissioner of the certificate of incorporation, the plan of
conversion, and the affidavit pursuant to section 149, 1 shall constitute an application for charter. If the commissioner shall be satisfied that (1) the capital stock and surplus of the national banking association upon its conversion
pursuant to this article complies with the requirements of section 151; 2 (2) the national banking association has complied in all respects with applicable
Federal law; (3) the matters set forth in the affidavit submitted to him pursuant to paragraph
(2) of subsection B of section 149 3 are true; (4) the certificate of incorporation complies with the requirements or paragraph (2)
of subsection B of section 149; (5) the plan of conversion contains no provisions violative of the laws of this State;
and (6) the directors designated in the certificate of incorporation possess capacity
and fitness for the duties and responsibilities with which they will be charged; he shall endorse upon or annex to the certificate of incorporation a certificate of
approval, and the certificate shall thereupon be filed in the department. Upon such filing, the subscribers to the certificate, their successors and assigns
shall be a corporation, in the manner provided by, and subject to the provisions of,
section 13. 4 The commissioner shall thereupon issue a certificate of authority in the form prescribed
by section 14, 5 and shall file a copy thereof in the department, and the bank shall be authorized
to transact business. 1
N.J.S.A. § 17:9A-149. 2
N.J.S.A. § 17:9A-151. 3
N.J.S.A. § 17:9A-149. 4
N.J.S.A. § 17:9A-13. 5
N.J.S.A. § 17:9A-14.
Frequently Asked Questions About New Jersey § 17:9a-150
What does New Jersey Statutes § 17:9a-150 cover?
Section 17:9a-150 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-150?
A common citation format is "New Jersey Statutes § 17:9a-150" (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-150 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.