New Jersey Statutes 17:9A-412. Procedure for acquisition
Terms Used In New Jersey Statutes 17:9A-412
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
- 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
(1) file with the commissioner an application in the form that the commissioner requires; and
(2) pay to the commissioner an application fee prescribed by the commissioner.
b. To the extent consistent with the effective discharge of the commissioner’s responsibilities, the forms established under sections 28 through 36 of P.L.1996, c.17 (C. 17:9A-409 through C. 17:9A-417) for application and reporting shall conform to those established by the Board of Governors of the Federal Reserve System under the federal “Bank Holding Company Act of 1956,” 12 U.S.C. § 1841 et seq.
c. In connection with an application received under this section, the commissioner shall:
(1) require that prior notice of the application be published in a daily newspaper of general circulation and provide an opportunity for public comment; and
(2) make the application available for public inspection to the extent required or permitted under applicable State or federal law.
d. If the applicant is an out-of-State bank holding company it shall submit with the application proof that the applicant has complied with or is exempted from the requirements of N.J.S. 14A:13-3 and N.J.S.14A:13-4, requiring registration by foreign corporations doing business in this State.
L.1996,c.17,s.31.