New Jersey § 17:9a-22
Full text of New Jersey New Jersey Statutes § 17:9a-22, with citation guidance and answers to common questions.
§ 17:9a-22.
A. Upon filing an application therefor in the department, and upon obtaining the approval
of the commissioner thereto a bank or savings bank may change the location of its
principal office or of a branch office located in this State to another location in this State. Upon filing an application therefor in the department, and upon obtaining the approval
of the commissioner thereto, an out-of-State bank with a branch office located in
this State may change the location of a branch office in this State to another location
in this State, and a bank or savings bank with a branch office located outside this
State may change the location of a branch office to another location in that state . B. If it shall appear from the application, or if the commissioner shall find from
such proof as the commissioner may require, or from such investigation as the commissioner may cause to be made, that the area which would be served by such office after its
change in location would not be substantially different from the area theretofore
served by such office, the commissioner shall approve the application. C. If it shall appear to the commissioner, from the application, or from such proof
as the commissioner may require, or from such investigation as the commissioner may cause to be made, that the proposed location will be so far removed from the
place then occupied by such principal office or by such branch office that the area
which would be served by such office after its change in location would be substantially
different from the area theretofore served by it, the commissioner shall not approve such application unless, after such investigation or hearing, or
both, as the commissioner may determine to be advisable, the commissioner shall find that the interests of the public will be served to advantage by such change
in location, and that conditions in the locality to which removal is proposed afford
reasonable promise of successful operation. D. No savings bank shall change the location of its principal office pursuant to subsection
C . of this section unless, prior to making application to the commissioner for his approval,
the change in location is approved by a vote of two-thirds of its board of managers
then in office.
Frequently Asked Questions About New Jersey § 17:9a-22
What does New Jersey Statutes § 17:9a-22 cover?
Section 17:9a-22 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-22?
A common citation format is "New Jersey Statutes § 17:9a-22" (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-22 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.