New Jersey § 17:9a-463
Full text of New Jersey New Jersey Statutes § 17:9a-463, with citation guidance and answers to common questions.
§ 17:9a-463.
a. If the commissioner finds that any of the factors set forth in section 81 of P.L.1996, c. 17 ( C. 17:9A-462 ) is true with respect to any foreign bank or commercial lending company which is
licensed to establish an office and that it is necessary, for the protection of the
interests of creditors of the bank's or company's business in this State, or for the
protection of the public interest, that the commissioner immediately suspend or revoke
the license of the bank or commercial lending company, the commissioner may issue
an order suspending or revoking the license of the bank or commercial lending company. b. (1) Within 30 days after an order is issued pursuant to subsection a. of this section,
the foreign bank or commercial lending company to which the order is issued may file
with the commissioner an application for a hearing on the order. If the commissioner fails to commence that hearing within 15 business days after
that application is filed with the commissioner, or within such longer period to which
the bank consents, the order shall be deemed rescinded. Within 30 days after the hearing, the commissioner shall affirm, modify, or rescind
the order; otherwise, the order shall be deemed rescinded. (2) The right of any foreign bank or commercial lending company to which an order
is issued under subsection a. of this section to petition for judicial review of that
order shall not be affected by the failure of the bank or company to apply to the
commissioner for a hearing on the order pursuant to paragraph (1) of this subsection
b.
Frequently Asked Questions About New Jersey § 17:9a-463
What does New Jersey Statutes § 17:9a-463 cover?
Section 17:9a-463 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-463?
A common citation format is "New Jersey Statutes § 17:9a-463" (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-463 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.