New Jersey § 17:9a-152
Full text of New Jersey New Jersey Statutes § 17:9a-152, with citation guidance and answers to common questions.
§ 17:9a-152.
Upon compliance with the requirements of this article, (1) the bank shall be authorized to transact business pursuant to this act; (2) the property and rights of the national banking association shall vest in the
bank without further act or deed; (3) the rights and obligations of the national banking association shall become the
rights and obligations of the bank; (4) if the bank is a qualified bank, it shall, without further act or deed and without
order or judgment of any court, succeed the national banking association in every
fiduciary and agency capacity of the association, unless prohibited by the instrument
under which the association acted in such fiduciary or agency capacity; and (5) any pending action by or against the national banking association shall survive
its conversion into a bank, and the bank shall be substituted for the association.
Frequently Asked Questions About New Jersey § 17:9a-152
What does New Jersey Statutes § 17:9a-152 cover?
Section 17:9a-152 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-152?
A common citation format is "New Jersey Statutes § 17:9a-152" (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-152 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.