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N.J. Stat. Ann. § 17:9A-19

Communication terminal facility; capital requirements

Known as the New Jersey Automobile Full Insurance Availability Act

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

Applied in 2 court decisions — leading case 499 F. Supp. 793 - United States v. First National State Bancorporation (1980)

Most recently applied in 703 F. Supp. 1161 - Montgomery National Bank v. Clarke (January 1989)

L.1948,c.67,s.19; amended 1948, c.408, s.1; 1952, c.220, s.1; 1965, c.171, s.6; 1968, c.415, s.1; 1973, c.211, s.1; 1975, c.148, s.2; 1980, c.20; 1981, c.24, s.1; 1996, c.17, s.…

19. A. Any bank or savings bank may, pursuant to a resolution of its board of directors or board of managers, establish and maintain branch offices, subject to the conditions and limitations of this article.

B. (Deleted by amendment, P.L.1996, c.17.)

(3) (Deleted by amendment.)

C. No bank shall hereafter establish a full branch office unless its capital shall equal or exceed the minimum capital established by the commissioner by regulation.

D. No savings bank shall hereafter establish a full branch office unless its capital shall equal or exceed the minimum capital established by the commissioner by regulation.

E. (Deleted by amendment.)

F. (Deleted by amendment.)

G. (Deleted by amendment.)

H. (Deleted by amendment.)

I. (Deleted by amendment.)

J. (Deleted by amendment.)

K. A bank or savings bank may establish a full branch office, a minibranch office, or communications terminal facility anywhere in this State.

L. Except as otherwise provided by law, no foreign bank shall establish, operate or maintain in this State any full branch office, minibranch office or communication terminal facility.

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.