New Jersey § 17:9a-438
Full text of New Jersey New Jersey Statutes § 17:9a-438, with citation guidance and answers to common questions.
§ 17:9a-438.
a. No foreign bank which is licensed to establish a representative office shall relocate
its office unless the commissioner shall have first approved the relocation and issued
a license authorizing the foreign bank to establish the office at the new site. b. If the commissioner finds the following with respect to an application by a foreign
bank to relocate a representative office, the commissioner shall approve the application: (1) If the new site of the office is in the same vicinity as the old site, that the
relocation of the office will not be substantially detrimental to the public convenience
and advantage; or (2) If the new site of the office is not in the same vicinity as the old site: (a) that the relocation of the office from the old site will not be substantially
detrimental to the public convenience and advantage in the area which is primarily
served by the office at the old site; and (b) that the relocation of the office to the new site will promote the public convenience
and advantage. If the commissioner finds otherwise, the commissioner shall deny the application. c. Whenever an application by a foreign bank to relocate a representative office has
been approved and all conditions precedent to the issuance of a license authorizing
such bank to establish the office at the new site have been fulfilled, the commissioner
shall issue the license. d. Promptly after a foreign bank which is licensed to establish a representative office
relocates its office, the bank shall surrender to the commissioner the license which
authorized it to establish the office at the old site.
Frequently Asked Questions About New Jersey § 17:9a-438
What does New Jersey Statutes § 17:9a-438 cover?
Section 17:9a-438 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-438?
A common citation format is "New Jersey Statutes § 17:9a-438" (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-438 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.