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N.J. Stat. Ann. § 17:1-27

Prohibited actions

Known as the New Jersey Automobile Full Insurance Availability Act

The act spans §§ 17:10B-1 to 17:9A-99 (3,637 sections).

L.2005,c.195,s.3.

3. No bank, savings bank, State association, or any officer, director, employee, or major shareholder thereof, shall:

a. Fail to comply with an order or other written instruction of the commissioner or any other financial regulatory agency;

b. Violate a State or federal law;

c. Take any action, or fail to take an action, with the result that a material interest of the covered institution is adversely affected;

d. Be convicted of a crime that would permit adverse action by a governmental agency pursuant to P.L.1968, c.282 (C. 2A:168A-1 et seq.);

e. Provide incorrect, misleading, incomplete or untrue material information about the covered institution to the commissioner or any federal financial regulatory agency;

f. Withhold material information from the commissioner or any federal financial regulatory authority about the covered institution; or

g. Take an action, or fail to take an action, the result of which poses a substantial risk to the safety and soundness of the covered institution or may cause substantial damage to its reputation.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.