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131 chapters · 3,637 sections in this title.
N.J.S.A. 17:16E-1 Purpose
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17:16E-1. Purpose The purpose of this act is to further fair competition among financial institutions by prohibiting certain interlocking relationships among institutions located in the same municipality, or in contiguous or adjacent municipalities. L.1975, c. 265, s. 1, eff. Jan…
N.J.S.A. 17:16E-1.1 Compliance of bank, savings bank with prohibition on interlocking relationships
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17:16E-1.1. Compliance of bank, savings bank with prohibition on interlocking relationships 25. Any bank or savings bank that is in compliance with the federal "Depository Institution Management Interlocks Act," 12 U.S.C. s.3201 et seq. and the federal regulations effectuating th…
N.J.S.A. 17:16E-2 Definitions
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17:16E-2. Definitions For the purposes of this act: a. "Financial institution" shall include State or National bank, trust company, savings bank, State or Federal savings and loan association, State or Federal credit union and bank holding company. b. "Municipality" means a munic…
N.J.S.A. 17:16E-3 Mutual directors, officers or managers of financial institutions in same, adjacent, or contiguous municipalities; prohibition
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17:16E-3. Mutual directors, officers or managers of financial institutions in same, adjacent, or contiguous municipalities; prohibition Except as otherwise provided in section 6 of this act no person who is a director, officer or manager of a financial institution which has a pri…
