New Jersey § 17:9a-254
Full text of New Jersey New Jersey Statutes § 17:9a-254, with citation guidance and answers to common questions.
§ 17:9a-254.
A. Within sixty days after the completion of an examination made pursuant to section
253, 1 a report thereof, in such form as the commissioner may prescribe, certified by the
person by whom or under whose supervision the examination was made, shall be presented
to the directors at a meeting of the board. The board of directors thereupon shall cause a statement to be prepared showing
in detail such of the assets of the bank, other than loans, which, in the judgment
of the board, have a value less than the value at which they are carried on the books
of the bank, and stating the value, in its judgment, of such assets. There shall also be included in the statement a list of those loans which, in the
judgment of the board, are (1) worthless, or (2) doubtful, or (3) insufficiently secured. B. Within the same sixty day period specified in subsection A of this section, the
directors shall file in the department (1) a copy of the report of the examination,
certified as required by said subsection, and (2) a copy of the statement prepared
pursuant to said subsection, certified by an officer of the bank. 1
N.J.S.A. § 17:9A-253.
Frequently Asked Questions About New Jersey § 17:9a-254
What does New Jersey Statutes § 17:9a-254 cover?
Section 17:9a-254 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-254?
A common citation format is "New Jersey Statutes § 17:9a-254" (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-254 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.