New Jersey § 17:9a-316
Full text of New Jersey New Jersey Statutes § 17:9a-316, with citation guidance and answers to common questions.
§ 17:9a-316.
Nothing in section three hundred sixteen of chapter sixty-seven of the laws of one
thousand nine hundred and forty-eight 1 (The Banking Act of 1948) shall prevent a foreign bank, which results from a merger
or consolidation of a foreign bank with one or more such other corporations, from
continuing to transact business in this State in the place of and as successor to
any party to the merger or consolidation, in any fiduciary capacity in which such
party, at the time of the merger or consolidation, was lawfully acting in this State
under appointment made prior to the sixteenth day of September, one thousand nine
hundred and forty-eight, or from continuing to transact business in this State in
the place of and as successor to any party to the merger or consolidation, under any
appointment and qualification of such party on or subsequent to the sixteenth day
of September, one thousand nine hundred and forty-eight, as executor or trustee of
the last will and testament or codicil thereto of a decedent, and was lawfully acting
as executor or trustee at the time of the merger or consolidation; provided, however,
that any such foreign bank resulting from the merger or consolidation is authorized
by the laws under which it is incorporated to so act as such successor in the place
of any party to the merger or consolidation; and provided further, that no such foreign
bank resulting from the merger or consolidation shall so act as such successor in
the place of any party to the merger or consolidation contrary to the terms of any
fiduciary instrument under which such party was acting; and provided further, that
any such foreign bank resulting from the merger or consolidation shall comply with
all the laws of this State applicable to it doing business herein; and provided further,
that no such foreign bank resulting from the merger or consolidation shall so act
as such successor in the place of any party to the merger or consolidation unless
a qualified bank resulting from merger or consolidation is permitted to transact business
in like fiduciary capacities in the jurisdiction in which the foreign bank has its
principal office. 1
N.J.S.A. § 17:9A-316.
Frequently Asked Questions About New Jersey § 17:9a-316
What does New Jersey Statutes § 17:9a-316 cover?
Section 17:9a-316 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-316?
A common citation format is "New Jersey Statutes § 17:9a-316" (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-316 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.