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Can you summarize NJST Chapter 17:9A?
CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE >
Short Summary
The legal document governs the establishment, operation, and closure of various types of offices and entities related to foreign banks and commercial lending companies in the state of New Jersey. It regulates the acquisition of New Jersey banks and bank holding companies by individuals or entities. The document sets out the conditions and requirements for obtaining licenses, conducting business, and complying with applicable laws and regulations. It applies to foreign banks, commercial lending companies, bank holding companies, and individuals or entities seeking to acquire New Jersey banks or bank holding companies. The document also applies to the commissioner and other bank supervisory agencies responsible for overseeing and regulating these entities. No specific exemptions or penalties for non-compliance or violation of the provisions are mentioned in these documents.
Whom does it apply to?
The legal document applies to foreign banks, commercial lending companies, bank holding companies, and individuals or entities seeking to acquire New Jersey banks or bank holding companies. It also applies to the commissioner and other bank supervisory agencies responsible for overseeing and regulating these entities.
What does it govern?
The legal document governs the establishment, operation, and closure of various types of offices and entities related to foreign banks and commercial lending companies in the state of New Jersey. It also regulates the acquisition of New Jersey banks and bank holding companies by individuals or entities.
What are exemptions?
No specific exemptions or exceptions are mentioned in these documents.
What are the Penalties?
No specific penalties for non-compliance or violation of the provisions are mentioned in these documents.
Jurisdiction
New Jersey