New Jersey § 17:9a-318
Full text of New Jersey New Jersey Statutes § 17:9a-318, with citation guidance and answers to common questions.
§ 17:9a-318.
A foreign bank desiring to secure a certificate of authority to transact business
in this State shall make application to the commissioner therefor and file with the application (1) a copy of its certificate of incorporation, and all amendments thereto, certified
by its president or a vice-president and attested under its corporate seal by its
secretary, an assistant secretary, its cashier or an assistant cashier; (2) proof of adequate insurance coverage in connection with the volume of transactions
and nature of its business ; (3) (Deleted by amendment, P.L.1999, c. 159 .) (4) a certificate executed by its president or a vice-president and attested under
its corporate seal by its secretary, an assistant secretary, its cashier or an assistant
cashier, that, so long as it shall have a certificate of authority, (a) it will comply with all the requirements of the laws of this State which shall
be applicable from time to time to the transaction of its business in this State; (b) it will, promptly following adoption, submit to the commissioner a copy of each
amendment or other change in its certificate of incorporation, certified and attested
as provided in paragraph (1) of this section; (c) (Deleted by amendment, P.L.1999, c. 159 .) (5) a power of attorney, executed by its president or vice-president and attested
under its corporate seal by its secretary, an assistant secretary, its cashier or
an assistant cashier, authorizing the commissioner and his successors in office to
accept service of process upon the foreign bank in any action or proceeding against
it affecting or relating to any estate or trust administered under the laws of this
State, with respect to which it shall act in a fiduciary capacity specified in section
316; 1 such power of attorney shall provide that service of any such process upon the commissioner
shall have the same force and validity as if served upon the foreign bank, and that
the authority therein granted shall be irrevocable and shall continue in force indefinitely,
notwithstanding the expiration, revocation or surrender of the certificate of authority
or renewal thereof; (6) (Deleted by amendment, P.L.1999, c. 159 .) 1
N.J.S.A. § 17:9A-316.
Frequently Asked Questions About New Jersey § 17:9a-318
What does New Jersey Statutes § 17:9a-318 cover?
Section 17:9a-318 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-318?
A common citation format is "New Jersey Statutes § 17:9a-318" (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-318 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.