New Jersey § 17:9a-20
Full text of New Jersey New Jersey Statutes § 17:9a-20, with citation guidance and answers to common questions.
§ 17:9a-20.
a. A qualified bank may establish a trust office anywhere in this State, or in any
other state which permits the establishment of a trust office, if the qualified bank
files a written notice with the commissioner setting forth the name of the qualified
bank, the location of the proposed trust office, and furnishes a copy of the resolution
adopted by its board authorizing the trust office. b. A foreign bank, other than one excluded by subsection A of section 316 of P.L.1948,
c. 67 ( C.17:9A-316 ), may establish a trust office in this State, if the foreign bank files with the
commissioner an application to register the trust office. The application shall set forth the name of the foreign bank and the location of
the proposed trust office, and the applicant shall furnish a copy of the resolution
adopted by its board authorizing the establishment of the trust office. The commissioner shall register the trust office if: (1) the foreign bank demonstrates that it is in good standing in its home state and
submits satisfactory evidence that it has complied with any applicable requirements
of its bank supervisory agency regarding the establishment and maintenance of a trust
office; (2) the commissioner determines that a State chartered qualified bank may establish
a trust office in the home state of the foreign bank without unduly burdensome conditions
or restrictions; and (3) the foreign bank has obtained or obtains a certificate of authority to transact
trust business in this State in accordance with the provisions of section 316 of P.L.1948,
c. 67 ( C.17:9A-316 ).
Frequently Asked Questions About New Jersey § 17:9a-20
What does New Jersey Statutes § 17:9a-20 cover?
Section 17:9a-20 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-20?
A common citation format is "New Jersey Statutes § 17:9a-20" (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-20 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.