New Jersey § 17:9a-442
Full text of New Jersey New Jersey Statutes § 17:9a-442, with citation guidance and answers to common questions.
§ 17:9a-442.
a. No foreign bank shall transact business in this State except at an agency or branch
office which it is licensed to establish and at which it is permitted by sections
37 through 86 of P.L.1996, c. 17 ( C. 17:9A-418 through C. 17:9A-467 ) to transact that business. b. Subsection a. of this section shall not be deemed to prohibit: (1) Any foreign bank which establishes a federal agency or federal branch in this
State from transacting at that federal agency or federal branch such business as it
may be authorized to transact under applicable federal laws and regulations; (2) Any foreign bank from carrying on the activities described in paragraph (2) of N.J.S. 14A:13-3 ; (3) Any foreign bank which does not establish an agency or branch office from making,
in this State, loans secured by liens on real or personal property located in this
State or enforcing those loans in this State; or (4) Any foreign bank which does not establish an agency or branch office from transacting
trust business in this State if the trust business is not conducted from an office
or location in this State and that trust business is limited to trust business permitted
by, and conducted pursuant to a certificate of authority issued by the commissioner
in accordance with subsection B. of section 316 of P.L.1948, c. 67 ( C. 17:9A-316 ).
Frequently Asked Questions About New Jersey § 17:9a-442
What does New Jersey Statutes § 17:9a-442 cover?
Section 17:9a-442 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-442?
A common citation format is "New Jersey Statutes § 17:9a-442" (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-442 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.