New Jersey § 17:9a-460
Full text of New Jersey New Jersey Statutes § 17:9a-460, with citation guidance and answers to common questions.
§ 17:9a-460.
a. Except as provided in subsection b. of this section, any foreign bank which holds
a license to establish an office may voluntarily surrender that license by filing
the license and a report with the commissioner. However, any foreign bank which holds licenses to establish two or more offices
may not voluntarily surrender less than all of those licenses. b. If the commissioner has reason to doubt a foreign bank's ability or willingness
to pay in full the claims of its creditors, the commissioner shall take action as
provided pursuant to section 85 of P.L.1996, c. 17 ( C. 17:9A-466 ). c. (1) Except as otherwise provided in paragraph (2) of this subsection c., a voluntary
surrender of a license shall be effective on the 30th day after that license and the
report called for in subsection a. of this section are filled with the commissioner
or on such earlier date as the commissioner may by order specify. (2) If a proceeding to revoke or suspend a license is pending at the time when that
license and the report called for in subsection a. of this section are filed with
the commissioner or if a proceeding to revoke or suspend a license or to impose conditions
upon the surrender of a license is instituted before the 30th day after the license
and the report called for in subsection a. of this section are filed with the commissioner,
the voluntary surrender of the license shall become effective at the time and upon
the conditions as the commissioner may by order specify.
Frequently Asked Questions About New Jersey § 17:9a-460
What does New Jersey Statutes § 17:9a-460 cover?
Section 17:9a-460 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-460?
A common citation format is "New Jersey Statutes § 17:9a-460" (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-460 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.