New Jersey § 17:9a-440
Full text of New Jersey New Jersey Statutes § 17:9a-440, with citation guidance and answers to common questions.
§ 17:9a-440.
a. (1) No foreign bank which is licensed to establish a representative office shall
close its office unless the commissioner shall have first approved the closing. (2) Paragraph (1) of this subsection a. shall not prohibit a foreign bank which is
licensed to establish a representative office from closing the office in accordance
with sections 79 through 85 of P.L.1996, c. 17 ( C. 17:9A-460 through C. 17:9A-466 ). b. If the commissioner finds, with respect to an application by a foreign bank to
close a representative office, that the closing of that office will not be substantially
detrimental to the public convenience and advantage, the commissioner shall approve
the application. If the commissioner finds otherwise, the commissioner shall deny the application. c. Whenever an application by a foreign bank to close a representative office has
been approved and all conditions precedent to the closing have been fulfilled, that
bank may close the office and shall promptly thereafter surrender to the commissioner
the license which authorized it to establish the office.
Frequently Asked Questions About New Jersey § 17:9a-440
What does New Jersey Statutes § 17:9a-440 cover?
Section 17:9a-440 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-440?
A common citation format is "New Jersey Statutes § 17:9a-440" (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-440 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.