17:13-91 - Change of location of office; facilities for meetings or services - New Jersey Statutes

17:13-91.  Change of location of office;  facilities for meetings or services
    a.  A credit union may change the location of its office by resolution of the board.  A copy of the resolution, attested by the secretary, shall be forwarded to the commissioner for his approval.  If the resolution is not approved within 30 days by the commissioner, it shall be deemed to be approved.   Upon the approval of the commissioner, the resolution shall be filed with the  department.

    b.  Any municipality, school board, county, state department, or any agency  or instrumentality thereof may make facilities available for use by a credit  union as an office or meeting room.

    c.  A credit union may maintain service facilities, or may join with one or  more financial institutions in the operation of a service facility to meet member needs, including an automated terminal, if these facilities are reasonably necessary to furnish service to its members, at locations other than  its principal office, upon the approval of the commissioner.

     L.1984, c. 171, s. 13, eff. Oct. 31, 1984.