17:16J-14 - Foreign depositories; acquisition - New Jersey Statutes

17:16J-14.  Foreign depositories;  acquisition
    Any state chartered depository may purchase or otherwise acquire one or more  foreign depositories to the same extent and in the same manner that a federally  chartered depository having its principal office in this State may purchase or  otherwise acquire one or more foreign depositories.  This acquisition shall be  subject to the approval of the commissioner, who in so doing shall apply  standards similar to those to be applied by the applicable federal regulatory  authority in the event of acquisition by a federal depository.

     L.1982, c. 8, s. 14, eff. March 4, 1982.