reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:9A-317 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-317 - Qualification of foreign bank as fiduciary

17:9A-317. Qualification of foreign bank as fiduciary  317. As a prerequisite to its qualification in any fiduciary capacity specified in section 316, in any court of this State, a foreign bank shall present to the court a certificate of the commissioner certifying that it is authorized to transact business in this State pursuant to this article and shall furnish a bond if required by the court pursuant to the provisions of N.J.S.3B:15-1 . L.1948,c.67,s.317; amended 1999, c.159, s.6.
NJ Rev Stat § 17:9A-318 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-318 - Application for certificate of authority

17:9A-318. Application for certificate of authority  318. A foreign bank desiring to secure a certificate of authority to transact business in this State shall make application to the commissioner therefor and file with the application (1) a copy of its certificate of incorporation, and all amendments thereto, certified by its president or a vice-president and attested under its corporate seal by its secretary, an assistant secretary, its cashier or an assistant cashier; (2) proof of adequate insurance coverage in connection with the volume of transactions and nature of its business; (3) (Deleted by amendment, P.L.1999, c.159). (4) a certificate executed by its president or a vice-president and attested under its corporate seal by its secretary, an assistant secretary, its cashier or an assistant cashier, that, so long as it shall have a certificate of authority, (a) it will comply with all the requirements of the laws of this State which shall be applicable from time to time to the transaction of its business in this State; (b) it will, promptly following adoption, submit to the commissioner a copy of each amendment or other change in its certificate of incorporation, certified and attested as provided in paragraph (1) of this section; (c) (Deleted by amendment, P.L.1999, c.159). (5) a power of attorney, executed by its president or vice-president and attested under its corporate seal by its secretary, an assistant secretary, its cashier or an assistant cashier, authorizing the commissioner and his successors in office to accept service of process upon the foreign bank in any action or proceeding against it affecting or relating to any estate or trust administered under the laws of this State, with respect to which it shall act in a fiduciary capacity specified in section 316; such power of attorney shall provide that service of any such process upon the commissioner shall have the same force and validity as if served upon the foreign bank, and that the authority therein granted shall be irrevocable and shall continue in force indefinitely, notwithstanding the expiration, revocation or surrender of the certificate of authority or renewal thereof; (6)(Deleted by amendment, P.L.1999, c.159). L.1948,c.67,s.318; amended 1999, c.159, s.7.
NJ Rev Stat § 17:9A-319 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-319 - Issuance, denial of certificate of authority

17:9A-319. Issuance, denial of certificate of authority  319. A. Within 60 days following the receipt of the application of a foreign bank for a certificate of authority to transact business in this State, the commissioner shall issue the certificate or make an order denying the application. B. The commissioner shall issue the certificate if he is satisfied from the application submitted to him, or otherwise, (1) that the foreign bank is authorized by the laws under which it is incorporated to act as trustee, testamentary trustee, fiduciary, executor or guardian; (2) that the foreign bank has capital and surplus of not less than one million dollars; and (3) that the foreign bank has complied in good faith with all of the requirements of section 318. C. Before issuing or denying a certificate of authority, the commissioner may require a foreign bank which makes application for a certificate of authority to submit to him additional information, in such form and manner as he may require. L.1948,c.67,s.319; amended 1999, c.159, s.8.
NJ Rev Stat § 17:9A-322 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-322 - Certificate of authority to continue in force

17:9A-322. Certificate of authority to continue in force  322. A certificate of authority issued to a foreign bank shall continue in force, unless revoked by the commissioner or surrendered by the foreign bank. The commissioner may adopt regulations establishing requirements for periodic renewal of a certificate of authority, and for notification to the commissioner if a foreign bank named in a certificate of authority desires to surrender the certificate or merges with or is acquired by another financial institution or company. Failure to provide any notification required by regulations promulgated by the commissioner shall be grounds for revocation of the certificate. L.1948,c.67,s.322; amended 1999, c.159, s.9.
NJ Rev Stat § 17:9A-325 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-325 - Additional statements by and examinations of foreign banks

17:9A-325. Additional statements by and examinations of foreign banks  A. So long as a foreign bank shall be obligated in any manner with respect to any estate or trust administered under the laws of this State, the commissioner may, whenever and as often as he shall deem it advisable, (1) require the filing by the foreign bank of additional statements of financial condition and other information as to its compliance with the provisions of this article; and (2) examine into the affairs of the foreign bank to determine its financial condition and its compliance with the provisions of this article, such examination to be made by the commissioner, his deputy, or any other persons so authorized by the commissioner. B. The officers and employees of every foreign bank being examined shall exhibit to the examiners all its securities, books, records and accounts which are pertinent to the examination, and shall otherwise facilitate the examination. C. The commissioner, his deputy, and all other persons authorized by the commissioner to examine into the affairs of a foreign bank shall have the power to examine under oath or affirmation the directors, officers and employees of the foreign bank on matters pertinent to such examination, and, for that purpose, shall have power to administer oaths and affirmations. L.1948, c. 67, p. 407, s. 325.
NJ Rev Stat § 17:9A-326 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-326 - Certificate of authority; revocation

17:9A-326. Certificate of authority; revocation  326. The commissioner shall revoke the certificate of authority or renewal thereof of a foreign bank if: (1) the foreign bank has ceased to be authorized by the laws under which it is incorporated to act as trustee, testamentary trustee, fiduciary, executor or guardian; (2)(Deleted by amendment, P.L.1999, c.159). (3) the foreign bank does not have capital and surplus of at least one million dollars; (4) the commissioner finds that its financial condition or lack of insurance coverage makes it inadvisable to permit the foreign bank to act in the fiduciary capacities specified in section 316; (5) the foreign bank, its directors, officers or employees refuse to permit an examination of its securities, books, records and accounts pursuant to section 325, or if any of its directors, officers or employees refuse to be examined under oath as provided in said section; (6) the foreign bank does not, within such time as the commissioner may fix, deliver to the commissioner any information required by the commissioner under section 325; (7) the foreign bank does not pay the costs of an examination made pursuant to section 325; or  (8)(Deleted by amendment, P.L.1999, c.159). (9)(Deleted by amendment, P.L.1999, c.159). (10) the foreign bank does not, after the time for appeal has expired and no appeal is pending, satisfy a judgment against it for a breach of any fiduciary obligation with respect to any estate or trust administered by it under the laws of this State. L.1948,c.67,s.326; amended 1953, c.17, s.54; 1999, c.159, s.10.
NJ Rev Stat § 17:9A-327 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-327 - Procedure on revocation

17:9A-327. Procedure on revocation  Before any certificate of authority or renewal of a certificate of authority of a foreign bank shall be revoked by the commissioner, he shall afford the foreign bank a hearing at which it may show cause why such revocation should not be made. The commissioner shall give the foreign bank at least ten days notice by registered mail of such hearing, addressed to its principal office as shown on the records of the department. L.1948, c. 67, p. 409, s. 327.
NJ Rev Stat § 17:9A-328 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-328 - Review of commissioner's refusal to issue a certificate or his revocation of a certificate

17:9A-328. Review of commissioner's refusal to issue a certificate or his revocation of a certificate  A. If the commissioner shall fail for sixty days to act upon an application for a certificate of authority, or shall fail for thirty days to act upon an application for a certificate of renewal of a certificate of authority, the foreign bank may apply to the Superior Court for a review, hearing and relief. B. The refusal of the commissioner to issue a certificate of authority or a certificate of renewal of a certificate of authority as provided in this article, or his revocation of such a certificate, shall be subject to review, hearing and relief in the Superior Court. No application to review such a refusal or revocation shall be heard by the Superior Court unless such application is made within thirty days from the date on which notice of the action of the commissioner is mailed to the foreign bank, and unless written notice of such application is given to the commissioner, with a copy of the affidavits and proofs upon which the application is based. L.1948, c. 67, p. 409, s. 328.
NJ Rev Stat § 17:9A-329 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-329 - Surrender of certificate of authority

17:9A-329. Surrender of certificate of authority  A certificate of authority or a certificate of renewal of a certificate of authority of a foreign bank may be surrendered by filing in the department (1) a copy of a resolution of the board of directors of the foreign bank, authorizing such surrender, certified by the secretary, an assistant secretary, the cashier or an assistant cashier of the foreign bank; or (2) a certificate of a receiver, trustee, conservator, or other administrative or judicial officer, by whatever name described, in possession of the property and business of the foreign bank, authorizing such surrender; or (3) a copy of a certificate of dissolution of the foreign bank, issued by the appropriate officer of the jurisdiction in which the foreign bank was incorporated, certified by such officer under his official seal; or (4) a copy of an order or a decree of dissolution of the foreign bank made by any court of competent jurisdiction, certified by the clerk of the court under his official seal. Upon the filing of any such certificate, the commissioner shall issue and file in the department a certificate evidencing the surrender of the authority of the foreign bank to transact business in this State. L.1948, c. 67, p. 410, s. 329.
NJ Rev Stat § 17:9A-330 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-330 - Violations; disabilities; penalties

17:9A-330. Violations; disabilities; penalties  A. A foreign bank shall not be entitled to maintain any action in any court of this State on any cause arising out of its transaction of business in this State in violation of the provisions of this article. B. A foreign bank which violates any of the provisions of this article and its directors, officers, agents and employees who participate in any such violation shall be guilty of a misdemeanor. L.1948, c. 67, p. 411, s. 330. Amended by L.1953, c. 17, p. 190, s. 55.
NJ Rev Stat § 17:9A-331 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-331 - Exempt transactions

17:9A-331. Exempt transactions  Nothing in this article shall prohibit a foreign bank from (1) contracting in this State with a banking institution for the acquisition by such foreign bank from such banking institution of a part interest in or the entire interest in a loan which such banking institution proposes to make, together with a like interest in any security and any security instrument proposed to be given to such banking institution to secure or evidence such loan; (2) contracting in this State with a banking institution to acquire, and acquiring in this State from such banking institution, a part interest in or the entire interest in any loan heretofore or hereafter made by such banking institution, together with a like interest in any security and any security instrument heretofore or hereafter given to such banking institution to secure or evidence such loan; (3) enforcing in this State obligations heretofore or hereafter acquired by it in the transaction of business outside of this State, or in the transaction of any business authorized by paragraph (1) or (2) of this section; (4) acquiring, holding, leasing, mortgaging, contracting with respect to, or otherwise protecting or conveying property in this State heretofore or hereafter assigned, transferred, mortgaged or conveyed to it as security for, or in whole or part satisfaction of a loan or loans made by it or obligations acquired by it in the transaction of business outside of this State, or in the transaction of any business authorized by paragraphs (1) or (2) of this section. L.1948, c. 67, p. 411, s. 331. Amended by L.1950, c. 97, p. 178, s. 1.
NJ Rev Stat § 17:9A-332 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-332 - Sale of real property by foreign banks in the possession of an administrative or court officer

17:9A-332. Sale of real property by foreign banks in the possession of an administrative or court officer  When the property and business of a foreign bank not authorized to transact business in this State is in the possession of a banking commissioner, receiver, conservator, or other custodian or officer, by whatever name described, such officer may sell or make other disposition of any real property in this State to which title is vested in the foreign bank or in such officer, and may effect such sale or other disposition by deeds of conveyance or other instruments; provided, that a certified copy of any certificate of possession by such officer, or of any judgment, order or decree of a court appointing such officer to take possession, is filed in the department. If an order or decree of a court be required by the laws under which the foreign bank is incorporated, directing or confirming the sale or other disposition of the real property, a certified copy of such order or decree shall also be filed in the department. L.1948, c. 67, p. 411, s. 332.
NJ Rev Stat § 17:9A-334 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-334 - Fees payable by foreign banks.

17:9A-334 Fees payable by foreign banks.  334. A foreign bank shall pay to the commissioner for the use of the State a fee, to be prescribed by the commissioner by regulation, in an amount not less than or not more than, the following minimum and maximum amounts: Minimum Maximum (1) For filing a copy of itscertificate of incorporation oramendment thereof or otherchange therein $50.00 $250.00 (2) For filing a statement ofits financial condition 50.00 250.00 (3) For filing a power ofattorney 25.00 75.00 (4) (Deleted by amendment, P.L.2007, c.81). (5) For registering a back office 500.00 The commissioner shall charge for the issuance of a certificate of authority or a certificate of renewal of a certificate of authority such fee as the commissioner shall prescribe by rule or regulation, not to exceed $1,500.00. The certificate shall run from the date of issuance for a term of not less than two years as set by the commissioner by regulation. The commissioner may by rule or regulation adopted pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) impose other fees and charges, including assessments and nonrefundable fees for application and examinations, on out-of-State banks establishing branch offices or agency offices in this State. L.1948,c.67,s.334; amended 1965, c.171, s.25; 1971, c.116, s.2; 1981, c.321, ss.9,13; 1988, c.73, s.2; 1996, c.17, s.25; 2007, c.81, s.5.
NJ Rev Stat § 17:9A-335 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-335 - Costs of examination of a bank, savings bank or foreign bank

17:9A-335. Costs of examination of a bank, savings bank or foreign bank  Every bank, savings bank and foreign bank shall pay to the commissioner for the use of the State the reasonable costs of each examination of its affairs made pursuant to this act. The Attorney General may prosecute an action in the name of and for the benefit of the State, in a court of competent jurisdiction, against any bank, savings bank or foreign bank which fails to pay such costs of examination. L.1948, c. 67, p. 413, s. 335.
NJ Rev Stat § 17:9A-336 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-336 - Repeal of prior law

17:9A-336. Repeal of prior law  A. The following sections of the Revised Statutes are hereby repealed: (1) section 7:4-7; (2) sections 7:5-7 to 7:5-10, inclusive; (3) sections 7:6-1 to 7:6-17, inclusive; (4) sections 17:1A-1 to 17:1A-12, inclusive; (5) sections 17:2-1 to 17:2-8, inclusive, insofar as they apply to banks and savings banks; (6) sections 17:3-1 to 17:3-3, inclusive, insofar as they apply to banks and savings banks; (7) sections 17:4-1 to 17:4-125, inclusive; (8) sections 17:5-1 to 17:5-11, inclusive; (9) sections 17:6-1 to 17:6-86, inclusive; (10) sections 17:7-1 to 17:7-18, inclusive; (11) sections 17:8-1 to 17:8-16, inclusive; (12) sections 17:9-1 to 17:9-8.2, inclusive, and 17:9-10 to 17:9-16, inclusive; (13) sections 17:16-1 to 17:16-19, inclusive. B. The following acts are hereby repealed: (1) Laws of New Jersey, 1938, Chapter 222, insofar as it applies to banks and savings banks; (2) Laws of New Jersey, 1939, Chapters 25 and 123, and Chapter 189, insofar as it applies to banks and savings banks; (3) Laws of New Jersey, 1940, Chapters 37 and 232; (4) Laws of New Jersey, 1941, Chapters 39, 41, 106 and 190; (5) Laws of New Jersey, 1942, Chapter 89; (6) Laws of New Jersey, 1944, Chapter 30 and section 1 of Chapter 176; (7) Laws of New Jersey, 1945, Chapter 190; (8) Laws of New Jersey, 1946, Chapter 317; (9) Laws of New Jersey, 1947, Chapters 258 and 268. C. All other acts and parts of acts inconsistent with this act are hereby repealed. L.1948, c. 67, p. 413, s. 336.
NJ Rev Stat § 17:9A-337 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-337 - Reference to Revised Statutes and New Jersey Statutes

17:9A-337. Reference to Revised Statutes and New Jersey Statutes  When any section, chapter or title of the Revised Statutes or the New Jersey Statutes is cited or referred to in this act, such citation or reference shall be deemed to refer to the section, chapter or title of the Revised Statutes or the New Jersey Statutes as enacted and heretofore or hereafter amended or supplemented. L.1948, c. 67, p. 414, s. 337. Amended by L.1969, c. 244, s. 10, eff. Dec. 23, 1969.
NJ Rev Stat § 17:9A-338 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-338 - Applicability of Title 14A of the New Jersey Statutes

17:9A-338. Applicability of Title 14A of the New Jersey Statutes  Except to the extent specifically made applicable by this act, the provisions of Title 14A of the New Jersey Statutes as enacted and as amended or supplemented shall not apply to banks and savings banks. L.1948, c. 67, p. 415, s. 338. Amended by L.1969, c. 244, s. 11, eff. Dec. 23, 1969.
NJ Rev Stat § 17:9A-339 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-339 - Prior lawful acts not affected

17:9A-339. Prior lawful acts not affected  This act shall not invalidate, terminate, or otherwise affect any act or contract of a bank or savings bank or of the stockholders of a bank lawfully done or entered into prior to the effective date of this act. L.1948, c. 67, p. 415, s. 339.
NJ Rev Stat § 17:9A-340 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-340 - Separability of provisions

17:9A-340. Separability of provisions  If any section or portion of a section of this act shall be invalid for any reason, such invalidity shall not affect the validity of the remaining sections or portions of sections. L.1948, c. 67, p. 415, s. 340.
NJ Rev Stat § 17:9A-341 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-341 - Headnotes not part of act

17:9A-341. Headnotes not part of act  In the construction of this act or any part thereof, no headnote to any article or section shall be deemed to be a part of this act. L.1948, c. 67, p. 415, s. 341.
NJ Rev Stat § 17:9A-342 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-342 - Short title

17:9A-342. Short title  This act may be cited as "The Banking Act of 1948" . L.1948, c. 67, p. 415, s. 342.
NJ Rev Stat § 17:9A-343 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:9A-343 - Effective date of act

17:9A-343. Effective date of act  This act shall take effect on September 16, 1948. L.1948, c. 67, p. 415, s. 343.