New Jersey Statutes 17:13-115. Violation of law, unauthorized actions, or refusal to be examined; institution of court action for possession
Terms Used In New Jersey Statutes 17:13-115
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- oath: includes "affirmation. See New Jersey Statutes 1:1-2
- Oath: A promise to tell the truth.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
a. That a credit union has violated its charter or any law of this State; or
b. That a credit union is conducting its business in an unsafe or unauthorized manner; or
c. That a credit union has refused to submit its books, papers, records, documents, securities, or anything else to the inspection of the commissioner or his representative; or
d. That any officer or director of a credit union has refused to be examined under oath with respect to the affairs of the credit union or has refused to answer questions under oath or to produce any books, papers, records, documents, securities, or any other thing in his possession, custody or control requested by the commissioner; or
e. That a credit union has suspended payment of its obligations; or
f. That an examination or report provided for by this act discloses facts from which the commissioner shall have reason to conclude that a credit union is in an unsound or unsafe condition to transact business or is insolvent or that it is unsafe or that it is inexpedient for it to continue business; or
g. That a credit union has neglected or refused to observe an order of the commissioner issued pursuant to this act;
He shall have the authority to institute an action in the Superior Court or to take possession of the property and business of the credit union.
L.1984, c. 171, s. 37, eff. Oct. 31, 1984.