New Jersey Statutes 17:9A-426. Prohibition on concurrent establishment of federal and State branch office
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Terms Used In New Jersey Statutes 17:9A-426
- 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
45. a. No foreign bank which is licensed to establish an agency or branch office shall concurrently establish a federal agency or federal branch in this State.
b. No foreign bank which establishes a federal agency or federal branch in this State shall concurrently be licensed to establish an agency or branch office in this State.
L.1996,c.17,s.45.