New Jersey § 17:9a-331
Full text of New Jersey New Jersey Statutes § 17:9a-331, with citation guidance and answers to common questions.
§ 17:9a-331.
Nothing in this article shall prohibit a foreign bank from (1) contracting in this State with a banking institution for the acquisition by such
foreign bank from such banking institution of a part interest in or the entire interest
in a loan which such banking institution proposes to make, together with a like interest
in any security and any security instrument proposed to be given to such banking institution
to secure or evidence such loan; (2) contracting in this State with a banking institution to acquire, and acquiring
in this State from such banking institution, a part interest in or the entire interest
in any loan heretofore or hereafter made by such banking institution, together with
a like interest in any security and any security instrument heretofore or hereafter
given to such banking institution to secure or evidence such loan; (3) enforcing in this State obligations heretofore or hereafter acquired by it in
the transaction of business outside of this State, or in the transaction of any business
authorized by paragraph (1) or (2) of this section; (4) acquiring, holding, leasing, mortgaging, contracting with respect to, or otherwise
protecting or conveying property in this State heretofore or hereafter assigned, transferred,
mortgaged or conveyed to it as security for, or in whole or part satisfaction of a
loan or loans made by it or obligations acquired by it in the transaction of business
outside of this State, or in the transaction of any business authorized by paragraphs
(1) or (2) of this section.
Frequently Asked Questions About New Jersey § 17:9a-331
What does New Jersey Statutes § 17:9a-331 cover?
Section 17:9a-331 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-331?
A common citation format is "New Jersey Statutes § 17:9a-331" (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-331 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.