N.J. Stat. § 17:9A-20.1
Establishment, maintenance of out-of-State branch offices
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
Cite this
- Citation
- N.J. Stat. § 17:9A-20.1, Establishment, maintenance of out-of-State branch offices, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1442006
- Permanent ID
ys:prov:1442006@1- SHA-256
32f80d433db7c65757782bd27646fc717089bd1bfede51c8119f4b6224a3ef10
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
11. a. A bank or savings bank may, pursuant to a resolution of its board of directors, establish and maintain a branch office or branch offices outside this State, subject to the conditions and limitations of sections 19 and 20 of P.L.1948, c.67 (C.17:9A-19 and 17:9A-20).
b. No bank or savings bank shall establish a branch office outside this State unless the laws of the jurisdiction where the branch is to be established do not prohibit the establishment of the branch.
c. A bank or savings bank which establishes a branch office outside this State shall have such additional powers in that state as permitted to banks or savings banks, as applicable, in the state in which the branch is located.