New Jersey § 17:9a-17
Full text of New Jersey New Jersey Statutes § 17:9a-17, with citation guidance and answers to common questions.
§ 17:9a-17.
A. If a bank or savings bank shall (1) fail to obtain a certificate of authority within
6 months from the date of the commissioner's approval of its certificate of incorporation,
or within the extended time hereinafter in this section provided for, or shall (2)
fail to commence business within 6 months after the issuance of the certificate of
authority, or within the extended time hereinafter in this section provided for, the
commissioner may make an order, to be filed in the department, forfeiting the bank's
or savings bank's rights, powers and privileges as a corporation, and upon such filing,
the corporate rights, powers and privileges of the bank or savings bank shall cease,
unless the time herein limited shall be extended by the commissioner upon satisfactory
cause shown. Such extension or extensions shall be for such period or periods as the commissioner
may specify, not exceeding 12 months in all, and shall be evidenced by a certificate
or certificates of the commissioner filed in the department. B. If proceedings are instituted in accordance with law to review the commissioner's
approval of an application for charter pursuant to section 11, 1 or to review the commissioner's failure to issue a certificate of authority pursuant
to section 15, 2 the period from the date of the commissioner's approval to the entry of final judgment
in such proceedings shall not be considered in computing any 6 months' period limited
by subsection A of this section. 1
N.J.S.A. § 17:9A-11. 2
N.J.S.A. § 17:9A-15.
Frequently Asked Questions About New Jersey § 17:9a-17
What does New Jersey Statutes § 17:9a-17 cover?
Section 17:9a-17 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-17?
A common citation format is "New Jersey Statutes § 17:9a-17" (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-17 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.