New Jersey § 17:9a-443
Full text of New Jersey New Jersey Statutes § 17:9a-443, with citation guidance and answers to common questions.
§ 17:9a-443.
a. (1) No foreign bank shall establish an agency or branch office unless the commissioner
shall have first approved the establishment of that office and issued a license authorizing
the bank to establish the office. (2) Paragraph (1) of this subsection a. shall not prohibit a foreign bank from establishing
a federal agency or federal branch in this State. b. If the commissioner finds the following with respect to an application by a foreign
bank to establish an agency or branch office, the commissioner shall approve that
application: (1) That the bank, any controlling person of the bank, the directors and executive
officers of the bank or of any controlling person of the bank, and the proposed management
of the office are each of good character and sound financial standing; (2) That the financial history and condition of the bank are satisfactory; (3) That the management of the bank and the proposed management of the office are
adequate; (4) That it is reasonable to believe that, if licensed to establish the office, the
bank will operate the office in a safe and sound manner and in compliance with all
applicable laws, regulations, and orders; (5) That the bank's plan to establish and to operate the office affords reasonable
promise of successful operation; and (6) That the bank's establishment of the office 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 establish an agency or branch office
has been approved and all conditions precedent to the issuance of a license authorizing
the bank to establish the office have been fulfilled, the commissioner shall issue
the license.
Frequently Asked Questions About New Jersey § 17:9a-443
What does New Jersey Statutes § 17:9a-443 cover?
Section 17:9a-443 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-443?
A common citation format is "New Jersey Statutes § 17:9a-443" (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-443 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.