New Jersey Statutes 17:9A-319. Issuance, denial of certificate of authority
Terms Used In New Jersey Statutes 17:9A-319
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- 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
- Trustee: A person or institution holding and administering property in trust.
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.