reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:14A-71 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-71 - Examination of safe deposit companies by commissioner; examination of witnesses

17:14A-71. Examination of safe deposit companies by commissioner; examination of witnesses  The commissioner, a deputy commissioner, and every examiner assigned by the commissioner or by a deputy commissioner to examine the affairs of a company may administer an oath to any person whose testimony is required for the purposes of the examination. The commissioner or deputy commissioner may compel the appearance of any person for the purposes of examination, by subpena ad testificandum and the production of books, papers, documents or records by subpena duces tecum. L.1983, c. 566, s. 17:14A-71.
NJ Rev Stat § 17:14A-71.1 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-71.1 - Examinations confidential

17:14A-71.1. Examinations confidential  Every report and copy of a report of examination of a safe deposit company made by or under the supervision of the commissioner shall be confidential and shall not be made public by any officer, director or employee of a safe deposit company. L.1983, c. 566, s. 17:14A-71.1.
NJ Rev Stat § 17:14A-71.2 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-71.2 - Examinations confidential; evidence; subpenas

17:14A-71.2. Examinations confidential; evidence; subpenas  Every report and copy of a report of examination of a safe deposit company made by or under the supervision of the commissioner shall not be subject to subpena or to admission into evidence in any court, except pursuant to an order of the court made upon notice of the commissioner affording the commissioner an opportunity to advise the court of reasons for excluding the report or any portion thereof from evidence. The court shall order the issuance of a subpena for the production of or the admission into evidence of a report or portion thereof only after it is satisfied that it is material and relevant to the issues in the proceedings, and the ends of justice and the public interest will be served thereby. This section shall not apply to any action or proceeding instituted by the commissioner or the Attorney General pursuant to any law of this State. L.1983, c. 566, s. 17:14A-71.2.
NJ Rev Stat § 17:14A-72 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-72 - Commissioner's powers on ultra vires, unlawful and unsafe practices

17:14A-72. Commissioner's powers on ultra vires, unlawful and unsafe practices  If the commissioner finds that a safe deposit company is violating the provisions of its certificate of incorporation, or is conducting its business in violation of any law of this State, or in an unsafe manner, he shall order the safe deposit company to cease its ultra vires, unlawful or unsafe practices, as the case may be. L.1983, c. 566, s. 17:14A-72.
NJ Rev Stat § 17:14A-73 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-73 - Review of commissioner's order to cease ultra vires, unlawful or unsafe practices

17:14A-73. Review of commissioner's order to cease ultra vires, unlawful or unsafe practices  An order of the commissioner made pursuant to R.S. 17:14A-72 shall be subject to review by appeal to the Appellate Division of the Superior Court. The institution of proceedings for review shall suspend the accrual of the penalties provided for by R.S. 17:14A-74 until the final determination of the proceedings. L.1983, c. 566, s. 17:14A-73.
NJ Rev Stat § 17:14A-74 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-74 - Penalty for failure to comply with commissioner's order as to ultra vires, unlawful and unsafe practices

17:14A-74. Penalty for failure to comply with commissioner's order as to ultra vires, unlawful and unsafe practices  A safe deposit company which continues to violate the provisions of its certificate of incorporation or which continues to conduct its business in violation of any law of this State, or in an unsafe manner, after having been ordered by the commissioner to cease those practices, shall be liable to a penalty of $1,000.00 to be recovered with costs by the State in a court of competent jurisdiction in a civil action prosecuted by the Attorney-General, and it shall be liable to a like penalty for each day's additional default from and after the time specified in the order. The penalty provided by this section shall be in addition to and not in lieu of any other provision of law applicable upon a safe deposit company's failure to comply with an order of the commissioner. L.1983, c. 566, s. 17:14A-74.
NJ Rev Stat § 17:14A-75 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-75 - Removal of director or officer

17:14A-75. Removal of director or officer  Whenever, in the opinion of the commissioner, any director or officer of a safe deposit company has and continues to violate any law relating to a safe deposit company or has or continues unsafe or unsound practices in conducting the business of the safe deposit company after having been directed by the commissioner to discontinue the violation of law or the unsafe or unsound practices, the commissioner may cause notice to be served upon the director or officer to appear and show cause before him why he should not be removed from office. A copy of a notice so served shall be sent to each of the other directors of the safe deposit company by registered mail. If, after granting the director or officer a reasonable opportunity to be heard, the commissioner finds that he has and continues to violate any law relating to the safe deposit company, or has and continues unsafe or unsound practices in conducting the business of the safe deposit company, after having been directed by the commissioner to discontinue the violation of law or the unsafe or unsound practices, the commissioner may make an order removing the director or officer from office. A copy of the order shall be served upon the director or officer and upon the safe deposit company of which he is a director or officer. After the service of the copies of the order, the director or officer shall cease to be a director or officer of the safe deposit company. L.1983, c. 566, s. 17:14A-75.
NJ Rev Stat § 17:14A-76 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-76 - Participation in management of company after removal from office

17:14A-76. Participation in management of company after removal from office  Any director or officer who, after service upon him of a copy of the order removing him from office, participates in any manner in the management of the safe deposit company is guilty of a disorderly persons offense. L.1983, c. 566, s. 17:14A-76.
NJ Rev Stat § 17:14A-77 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-77 - Record of proceedings to remove director or officer not to be made public; exception

17:14A-77. Record of proceedings to remove director or officer not to be made public; exception  No part of the record of any proceedings under R.S. 17:14A-75 shall be made public or disclosed to anyone except the director or officer involved and the other directors of the safe deposit company involved, except in connection with proceedings brought pursuant to R.S. 17:14A-76. L.1983, c. 566, s. 17:14A-77.
NJ Rev Stat § 17:14A-77.1 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-77.1 - Review of commissioner's order to remove director or officer

17:14A-77.1. Review of commissioner's order to remove director or officer  An order by the commissioner made pursuant to R.S. 17:14A-75 shall be subject to review by appeal to the Appellate Division of the Superior Court. L.1983, c. 566, s. 17:14A-77.1.
NJ Rev Stat § 17:14A-78 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-78 - Costs of examination of safe deposit company

17:14A-78. Costs of examination of safe deposit company  Every safe deposit company shall pay to the commissioner for the use of the State the reasonable costs of each examination of its affairs made pursuant to this chapter. 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 safe deposit company which fails to pay the costs of examination. L.1983, c. 566, s. 17:14A-78.
NJ Rev Stat § 17:14A-79 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-79 - Filing documents and reports

17:14A-79. Filing documents and reports  All documents and reports which are required to be filed by a corporation pursuant to the provisions of Title 14A, Corporations, General, of the New Jersey Statutes and which apply to a safe deposit company shall be filed in the department. L.1983, c. 566, s. 17:14A-79.
NJ Rev Stat § 17:14A-80 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-80 - Custodial possession by commissioner; causes

17:14A-80. Custodial possession by commissioner; causes  The commissioner shall have the authority to institute an action in the Superior Court to take custodial possession of the property of any safe deposit company: a. Which has filed for bankruptcy or has been adjudicated a bankrupt; b. Which is insolvent or has been placed in receivership; c. Against which any proceedings have been instituted for bankruptcy, insolvency, receivership, agreement of composition or assignment for the benefit of creditors; d. Against which a summary dispossess action has been instituted; e. Against which has been issued a judgment, writ of execution, levy or sale; f. Which has violated the provisions of its certificate of incorporation or any law of this State; g. Which has refused to submit its books, papers, records, documents, and things to the inspection of the commissioner or any examiner appointed by him; h. Whose officer or director has refused to be examined upon oath concerning the affairs of the safe deposit company or has refused to answer questions under oath or to produce any books, papers, records, or documents of the safe deposit company in his possession, custody or control; i. Which has suspended its business for want of funds to carry on its business; j. Which is, in the opinion of the commissioner, in an unsafe or unsound condition to transact business. L.1983, c. 566, s. 17:14A-80.
NJ Rev Stat § 17:14A-81 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-81 - Custodial possession by commissioner; purpose

17:14A-81. Custodial possession by commissioner; purpose  Possession by the commissioner shall be for the sole purpose of serving as a custodian of the safe deposit company until the lessees of the vaults, safe deposit boxes and other receptacles have removed their personal property therefrom after notice from the commissioner or upon removal by the commissioner to a place of safe storage. L.1983, c. 566, s. 17:14A-81.
NJ Rev Stat § 17:14A-82 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-82 - Custodial possession by commissioner; return of property to management of safe deposit company

17:14A-82. Custodial possession by commissioner; return of property to management of safe deposit company  If and when the commissioner determines that the cause or causes for his taking custodial possession of a safe deposit company have been removed or remedied, he may return the property of the safe deposit company to the control and management of its officers and directors. L.1983, c. 566, s. 17:14A-82.
NJ Rev Stat § 17:14A-83 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-83 - Custodial possession by commissioner; corporate title and existence

17:14A-83. Custodial possession by commissioner; corporate title and existence  Notwithstanding the taking of custodial possession of the property of a safe deposit company by the commissioner: a. Title to all the property of the safe deposit company, including property held in fiduciary capacities, shall remain in the safe deposit company; b. The corporate existence of the safe deposit company shall continue unless terminated as provided in R.S. 17:14A-80; and c. The stockholders and directors of the safe deposit company shall be entitled to meet and the stockholders, directors and officers of the safe deposit company shall be entitled to act upon any matter which does not infringe upon the powers granted to the commissioner by R.S. 17:14A-80. L.1983, c. 566, s. 17:14A-83.
NJ Rev Stat § 17:14A-84 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-84 - Custodial possession by commissioner; notice to commissioner

17:14A-84. Custodial possession by commissioner; notice to commissioner  A safe deposit company shall immediately notify the commissioner in writing of any of the actions or proceedings set forth in subsections a. through e. of R.S. 17:14A-80 instituted by or against the safe deposit company. L.1983, c. 566, s. 17:14A-84.
NJ Rev Stat § 17:14A-85 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-85 - Custodial possession by commissioner; surety bond

17:14A-85. Custodial possession by commissioner; surety bond  A safe deposit company shall file and keep on file with the commissioner a surety bond obtained from a surety company authorized to transact business in this State in an amount of not less than $25,000.00 and in form prescribed by regulation of the commissioner. The bond shall be conditioned for payment to the State for the benefit of the Department of Banking of the costs and expenses incurred by the commissioner in taking custodial possession of the property of a safe deposit company pursuant to R.S. 17:14A-80 in the event the safe deposit company is unable to reimburse the department for those costs and expenses. L.1983, c. 566, s. 17:14A-85.
NJ Rev Stat § 17:14A-86 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-86 - Standards for vaults

17:14A-86. Standards for vaults  Vaults shall have walls, floors and ceiling of reinforced concrete at least 12 inches in thickness constructed as follows: a. Two grids of #5 ( 5/8 " diameter) deformed steel bars located in horizontal and vertical rows in each direction to form grids not more than four inches on center; or b. Two grids of expanded steel bank vault mesh placed parallel to the face of the walls, weighing at least six pounds per square foot to each grid, having a diamond pattern not more than 3 " x 8 " ; or c. Two grids of any other fabricated steel placed parallel to the face of the walls, weighing at least six pounds per square foot to each grid and having an open area not exceeding four inches on the center; d. Grids are to be located not less than six inches apart and stagger in each direction; e. The concrete shall develop an ultimate compression strength of at least 3,000 pounds per square inch; f. Electric conduits into the vault shall not exceed 1 1/2 inches in diameter and shall be offset within the walls, floor or ceiling so as not to form a direct path of entry; and g. A vault ventilator, if provided, shall be designed with consideration of safety to life without significant reduction of the strength of the vault wall to burglary attack. L.1983, c. 566, s. 17:14A-86.
NJ Rev Stat § 17:14A-87 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-87 - Standards for vault doors

17:14A-87. Standards for vault doors  Vault doors shall be made of steel at least 3 1/2 inches in thickness, or other drill and torch resistant material, and be equipped with a dial combination lock, a time lock, and a substantial lockable day-gate gate. L.1983, c. 566, s. 17:14A-87.
NJ Rev Stat § 17:14A-88 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-88 - Standards for safes

17:14A-88. Standards for safes  A safe shall weigh at least 750 pounds empty, or be securely anchored to the premises where located. The body shall consist of steel, at least one inch in thickness, either cast or fabricated, with an ultimate tensile strength of at least 50,000 pounds per square inch and be fastened in a manner equal to a continuous 1/4 inch penetration weld having an ultimate tensile strength of at least 50,000 pounds per square inch. The door shall be made of steel that is at least 1 1/2 inch in thickness and at least equivalent in strength to that specified for the body, and the door shall be equipped with a combination lock, or time lock, and with a relocking device that will effectively lock the door if the combination lock or time lock is punched. One hole not exceeding 1/2 inch diameter may be provided in the body to permit insertion of electrical conductors, but shall be located so as not to permit a direct view of the door or locking mechanism. L.1983, c. 566, s. 17:14A-88.
NJ Rev Stat § 17:14A-89 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-89 - Safe deposit box standards

17:14A-89. Safe deposit box standards  A safe deposit box used to store and safeguard a lessee's personal property shall be enclosed in a vault or safe meeting the minimum standards set forth in R.S. 17:14A-86 and R.S. 17:14A-87 or R.S. 17:14A-88. L.1983, c. 566, s. 17:14A-89.
NJ Rev Stat § 17:14A-90 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-90 - Surveillance systems

17:14A-90. Surveillance systems  A surveillance system shall be provided for each office of a safe deposit company which shall: a. Be equipped with one or more photographic, recording, monitoring, or like devices capable of reproducing images of persons in the safe deposit company office with sufficient clarity to facilitate (through photographs capable of being enlarged to produce a one-inch vertical head-size of persons whose images have been reproduced) the identification and apprehension of robbers or other suspicious persons. Any camera used in the system shall be capable of taking at least one picture every two seconds and, if it uses film, should contain enough unexposed film at all times to be capable of operating for not less than three minutes, and the film shall be at least 16mm, and (1) Located so as to reproduce identifiable images of persons either leaving the safe deposit company office or in a position to transact business at the office; and (2) Capable of actuation by initiating devices located throughout the office; b. Be reasonably silent in operation; and c. Be so designed and constructed that necessary services, repairs or inspections can readily be made. L.1983, c. 566, s. 17:14A-90.
NJ Rev Stat § 17:14A-91 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-91 - Robbery alarm systems

17:14A-91. Robbery alarm systems  A robbery alarm system shall be provided for each office of a safe deposit company at which the police ordinarily can arrive within five minutes after an alarm is actuated. Robbery alarm systems shall be: a. Designed to transmit to the police, either directly or through an intermediary, a signal (not detectable by unauthorized persons) indicating that a crime against the office has occurred or is in progress; b. Capable of actuation by initiating devices located throughout the office; c. Safeguarded against accidental transmission of an alarm; d. Equipped with a visual and audible signal capable of indicating improper functioning of or tampering with the system; and e. Equipped with an independent source of power (such as a battery) sufficient to assure continuously reliable operation of the system for at least 24 hours in the event of failure of the usual source of power. L.1983, c. 566, s. 17:14A-91.
NJ Rev Stat § 17:14A-92 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-92 - Burglary alarm systems

17:14A-92. Burglary alarm systems  A burglary alarm system shall be provided for each office of a safe deposit company. Burglary alarm systems shall be: a. Capable of detecting promptly an attack on the outer door, walls, floor, or ceiling of each vault, and each safe not stored in a vault, in which personal property of lessees are stored when the office is closed, and any attempt to move a safe; b. Designed to transmit to the police, either directly or through an intermediary, a signal indicating that an attempt is in progress; and for offices at which the police ordinarily cannot arrive within five minutes after an alarm is actuated, designed to actuate a loud sounding bell or other device that is audible inside the office and for a distance of approximately 500 feet outside the office; c. Safeguarded against accidental transmission of an alarm; d. Equipped with a visual and audible signal capable of indicating improper functioning of or tampering with the system; and e. Equipped with an independent source of power (such as a battery) sufficient to assure continuously reliable operation of the system for at least 80 hours in the event of failure of the usual source of power. L.1983, c. 566, s. 17:14A-92.
NJ Rev Stat § 17:14A-93 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-93 - Notice of crime

17:14A-93. Notice of crime  The board of directors of a safe deposit company shall promptly notify the commissioner of any crime committed or attempted to be committed against the safe deposit company by any person even though the crime or attempted crime has not resulted in a loss. L.1983, c. 566, s. 17:14A-93.
NJ Rev Stat § 17:14A-94 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-94 - Rules and regulations

17:14A-94. Rules and regulations  In addition to other powers and duties vested in him by this chapter or by any other law, the commissioner is authorized and empowered to make reasonable rules and regulations not inconsistent with the provisions of this chapter, and specific rulings, demands and findings as he may deem necessary for the proper operation and enforcement of this chapter. The commissioner's authority to make rules and regulations may include higher or equivalent modifications in the standards for the construction of vaults, vault doors, safes, safe deposit box standards, surveillance, robbery and burglary alarm systems when the commissioner deems those modifications are warranted and continue to maintain protection of the safe deposit company. L.1983, c. 566, s. 17:14A-94.
NJ Rev Stat § 17:14A-95 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-95 - Dissolution

17:14A-95. Dissolution  A safe deposit company may be dissolved in the manner provided by chapter 12 of Title 14A, Corporations, General of the New Jersey Statutes, except that filings thereunder shall be made in the department. L.1983, c. 566, s. 17:14A-95.