Title 17, Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

17:9A-23.5. Property which may be used for auxiliary office; limitation on cost; parking facilities A bank or savings bank may, for the purposes of establishing an auxiliary office or offices, purchase or lease real property, or it may use real property heretofore purchased or le…

17:9A-23.50. Definitions relative to emergency banking 1. As used in this act unless the context requires otherwise, (a) "Commissioner" means the Commissioner of Banking and any other person lawfully exercising the powers of such commissioner; (b) "Bank" includes banks, out-of-St…

17:9A-23.51. Proclamation of emergency Whenever the commissioner is of the opinion that an emergency exists in this State or in any part or parts of this State, he shall, by proclamation, authorize those banks which, in the opinion of their officers, are directly or indirectly af…

17:9A-23.52. Powers of officers Whenever the officers of a bank are of the opinion that an emergency exists which affects one or more or all the bank's offices, they shall have authority to close one or more or all such offices even though the commissioner has not issued and does…

17:9A-23.53. Notice to commissioner A bank closing an office or offices pursuant to this act shall give as prompt notice to the commissioner of its action as conditions will permit. L.1968, c. 149, s. 4, eff. July 12, 1968.

17:9A-23.54. Immunity from liability No bank and no director, officer or employee of a bank shall be liable to any person for any direct or indirect loss suffered by such person by reason of the bank's failure or inability to make access to the bank's premises and facilities avai…

17:9A-23.55. Construction of act The provisions of this act shall be construed and applied as being in addition to and not in substitution for any other law of this State or of the United States excusing delays by banks in the performance of duties or obligations, or authorizing …

17:9A-23.56. Regulations of commissioner The commissioner may make such orders and regulations, not inconsistent with this act, as he shall deem necessary during an emergency to provide for the uninterrupted continuance of business by banks to the extent consistent with the safet…

17:9A-23.57. Short title This act may be cited as the "Emergency Banking Act." L.1968, c. 149, s. 8, eff. July 12, 1968.

17:9A-23.6. Auxiliary office not deemed branch office An auxiliary office shall not be deemed a branch office within the meaning of sections 19 through 23 and section 233 of the act to which this act is a supplement. Each auxiliary office shall be deemed to be an integral part of…

17:9A-23.7. Certain powers of banks not affected Nothing in this act shall impair the power of a bank or savings bank to purchase, hold, lease or convey real property or any interest therein pursuant to section 24(5) of the act to which this act is a supplement, nor shall anythin…

17:9A-23.8. Distances, measurement for purposes of act For the purposes of this act, distances shall be measured along a straight line drawn between the center point of the main entrance of the principal office or branch office of a bank, savings bank or banking institution and t…

17:9A-23.9. Establishment of branch offices on army, navy or air force installations A bank may, with the approval of the Commissioner of Banking and Insurance, establish and maintain a branch office on any United States Army, Navy, or Air Force installation in this State. L.1961…

17:9A-24. Powers of banks and savings banks Powers of banks and savings banks. Every bank and savings bank shall, subject to the provisions of this act, have the following powers, whether or not such powers are specifically set forth in its certificate of incorporation: (1) To ad…

17:9A-24.1. Definitions As used in this act, (a) "bank services" means services such as check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, or any othe…

17:9A-24.10. "Loan" As used in this act, "loan" includes loans which are in amounts of $10,000.00 or more, and are payable on demand and are secured (a) by an interest in warehouse receipts, bills of lading, or other documents of title which are subject to chapter 7 of Title 12A …

17:9A-24.11. Interest rate or other compensation In making a loan, a banking institution, as defined in section 1 of "The Banking Act of 1948," P.L.1948, c. 67 (C. 17:9A-1), may, providing it is otherwise empowered to make such a loan, contract for and receive interest or other c…

17:9A-24.12. Additional investment authority of banks In addition to investments otherwise authorized by law, a bank or savings bank may invest in any kind or kinds of assets, wherever located, of any person, partnership, corporation, other business entity, association or body po…

17:9A-24.13. Regulations The commissioner may make, amend and repeal regulations prescribing the amount, location, required collateral or purpose of any investment made in accordance with this act as the commissioner may from time to time deem advisable to foster safe and sound b…

17:9A-24.14. Bank loans authorized for business enterprises Any bank, bank holding company, or savings bank may establish a subsidiary for the purpose of originating loans or loans and technical assistance packages for purchase by the New Jersey Development Authority for Small Bu…

17:9A-24.2. Investment in bank service corporations 2. Banks and savings banks may avail themselves of the services of bank service corporations, and may invest in bank service corporations, but no such investment shall be made (a) by a bank, at any time when the total of all the…

17:9A-24.3. Performance of services rendered by bank service corporations Banks and savings banks may perform for other banking institutions and others than banking institutions any service or services which may be rendered by bank service corporations to banking institutions. L.…

17:9A-24.4. Regulations by commissioner; powers The commissioner shall have power to make, amend and repeal regulations governing the exercise of the powers conferred upon banks and savings banks by sections 2 and 3 of this act, but, in exercising such power to make such regulati…

17:9A-24.5. Conduct of other business by bank service corporation prohibited No bank service corporation shall conduct any business other than the performing of bank services for banking institutions. L.1964, c. 160, s. 5.

17:9A-24.6. Receiving of bank services from other banking institution or other person Nothing herein shall prevent a bank or savings bank from receiving bank services from another banking institution or from any other person. As used in this section, "person" includes individuals…

17:9A-24.7. Investments in stock of clearing corporations by qualified banks A qualified bank, as defined in section 1 of the act to which this act is a supplement (C. 17:9A-1), shall have power to subscribe for, purchase, and hold stock of one or more clearing corporations as de…

17:9A-24.8. Powers conferred by act as in addition to other powers The power conferred by this act shall be in addition to and not in substitution for any powers otherwise conferred by law upon qualified banks. L.1973, c. 360, s. 2, eff. Jan. 2, 1974.

17:9A-24.9. Additional powers of banks and savings banks 8. Additional powers of banks and savings banks. In addition to the powers which banks and savings banks may otherwise exercise, every bank and savings bank, as defined in section 1 of "The Banking Act of 1948," P.L.1948, c…

17:9A-247. Banking records 247. Banking records. a. Any banking institution may cause to have copied or reproduced by any photostatic, photographic, miniature photographic or any other process which correctly and accurately copies or reproduces, or forms a medium of copying or re…

17:9A-248. Fiduciary and agency records Any qualified bank, acting in any fiduciary or agency capacity, may cause to have copied or reproduced by any photostatic, photographic, or miniature photographic process which correctly and accurately copies or reproduces, or forms a mediu…

17:9A-24b1. Exercise of powers, rights, benefits, privileges 1. Notwithstanding the provisions of P.L.1948, c.67 (C.17:9A-1 et seq.) or any other law, banks and savings banks may exercise those powers, rights benefits or privileges now or hereafter authorized for national or out-…

17:9A-25 Additional powers of banks. 25. Additional powers of banks. In addition to the powers specified in section 24, every bank shall, subject to the provisions of this act, have the following powers, whether or not such powers are specifically set forth in its certificate of …

17:9A-25.1. Banks; retirement benefits for officers and employees A bank may pay retirement and other benefits to its officers and employees in the manner provided by the Banks' and Savings Banks' Officers' and Employees' Retirement and Benefit Act. L.1948, c. 67, p. 208, s. 25.1…

17:9A-25.2. Regulations authorizing loans not authorized by L.1948, c. 67; power of commissioner The Commissioner of Banking and Insurance shall have power to make, amend and repeal regulations authorizing banks to make specified kinds of loans or investments not authorized by th…

17:9A-25.3. Preservation of dual banking system In exercising the power conferred upon him by this act, the commissioner shall consider the statutes, regulations and rulings governing the lending and investing powers of national banks, and the regulations made by him shall have a…

17:9A-25.4. Banks defined As used in this act, "banks" means banks, other than savings banks, organized and operating under the laws of this State. L.1966, c. 279, s. 3.

17:9A-25.5. Additional powers of banks A. In addition to the powers which banks may otherwise exercise, every bank, as defined in the act to which this act is a supplement, shall have the following powers, whether or not such powers are specifically set forth in its certificate o…

17:9A-250. Action against directors, managers, officers or employees; indemnification Action against directors, managers, officers or employees; indemnification. A. As used in this section (1) "Corporate agent" means any person who is or was a director, officer, employee or agent…

17:9A-251. Perpetual existence for banks and savings banks heretofore or hereafter organized Every bank and savings bank heretofore or hereafter organized, regardless of the term of its existence specified in its certificate of incorporation, shall have perpetual existence, subje…

17:9A-252. Definitions For the purposes of this article, (1) "bank" shall mean a bank or savings bank; (2) "board of directors" shall include the board of directors of a bank and the board of managers of a savings bank; and (3) "director" shall include a director of a bank and a …

17:9A-253. Examinations of a bank by a public accountant or other qualified person A. The board of directors of every bank shall cause examinations of the affairs of the bank to be made from time to time by or under the supervision of a person who is not a director, officer or em…

17:9A-254. Report on examination; statement by directors; filing A. Within sixty days after the completion of an examination made pursuant to section 253, a report thereof, in such form as the commissioner may prescribe, certified by the person by whom or under whose supervision …

17:9A-255. Extensions of time by commissioner The commissioner shall have power, for good cause shown, to curtail the 6-month period specified in subsection B of section 253, and to extend the 15-month period specified in subsection B of section 253 for a period not exceeding 1 m…

17:9A-256 Reports to commissioner; violations, penalties. 256. A. Every bank and out-of-State bank with a branch office in this State shall make and file in the department, not less than two reports during each year, in the form prescribed by the commissioner. B. Every report fil…

17:9A-258. Report of assets, liability; availability 258. A summary of the report of assets and liabilities as of the end of the most recent fiscal year, required to be submitted to the department pursuant to section 256 of P.L.1948, c.67 (C.17:9A-256), shall be readily available…

17:9A-26. Additional powers of savings banks Additional powers of saving banks. In addition to the powers specified in section 24, every savings bank shall, subject to the provisions of this act, have the following powers, whether or not such powers are specifically set forth in …