17:14A-23 - Powers - New Jersey Statutes

17:14A-23.  Powers
    In addition to the powers conferred by Title 14A of the New Jersey Statutes,  Corporations, General, so far as they are not inconsistent with the provisions  of this chapter, a safe deposit company may, as lessor, lease vaults, safe  deposit boxes and other receptacles for the storage and safe keeping of  personal property upon terms and conditions as may be prescribed by the safe  deposit company with the lessees of the vaults, safe deposit boxes and other  receptacles, but a safe deposit company shall not make any loans or advances  upon any property left with it for storage nor have the power to transact the  business of a bank, savings bank or savings and loan association or any other  business except that of a safe deposit company.

     L.1983, c. 566, s. 17:14A-23.