New Jersey § 17:9a-459
Full text of New Jersey New Jersey Statutes § 17:9a-459, with citation guidance and answers to common questions.
§ 17:9a-459.
The commissioner shall have the power to grant to any organization which is organized
under the laws of this State, including but not limited to a corporation, limited
partnership, limited liability company, joint venture or partnership, the right to
operate as a commercial lending company if the commercial lending company: will be
licensed under sections 72 through 77 of P.L.1996, c. 17 ( C. 17:9A-453 through C. 17:9A-458 ); is a subsidiary of a foreign bank; and agrees in its certificate of incorporation
or organization or similar document to limit its activities to those permitted to
a commercial lending company under sections 37 through 86 of P.L.1996, c. 17 ( C. 17:9A-418 through C. 17:9A-467 ) and Regulation K promulgated by the Federal Reserve, 12 CFR § 211 et seq. Any such grant shall be issued in connection with and as part of a license for a
commercial lending office hereunder.
Frequently Asked Questions About New Jersey § 17:9a-459
What does New Jersey Statutes § 17:9a-459 cover?
Section 17:9a-459 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-459?
A common citation format is "New Jersey Statutes § 17:9a-459" (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-459 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.