New Jersey § 17:9a-306
Full text of New Jersey New Jersey Statutes § 17:9a-306, with citation guidance and answers to common questions.
§ 17:9a-306.
The board shall consist, as heretofore, of the commissioner, who shall be ex officio
the chairman of the board, and nine other members appointed by the Governor with the
advice and consent of the Senate, as hereinafter provided. Any appointed member of the board may be removed from office by the Governor whenever,
in his judgment, the public interest may so require. Of the nine appointed members, at least six shall each have had, at the time of
his appointment, not less than 5 years of practical experience as an active executive
officer in a banking institution or a savings and loan association located in the
State of New Jersey; and three shall be public members who are not salaried officers,
directors, or employees of any financial institution. At no time, however, shall there be more than a single representative on the board
from any one banking institution or group of banking institutions which form a holding
company. The six members specified to have had practical executive experience shall be appointed
at least one each, from the following groups: (1) Savings banks; (2) Banks located in the Second Federal Reserve District; (3) Banks located in the Third Federal Reserve District; and (4) Savings and loan associations.
Frequently Asked Questions About New Jersey § 17:9a-306
What does New Jersey Statutes § 17:9a-306 cover?
Section 17:9a-306 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-306?
A common citation format is "New Jersey Statutes § 17:9a-306" (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-306 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.