17:9A-23.10 - Investigation and hearing; requirements and conditions to approval of application - New Jersey Statutes

17:9A-23.10.  Investigation and hearing;  requirements and conditions to approval of application
    Before approving an application to establish a branch office at any Army, Navy, or Air Force installation in this State, the commissioner, after such investigation or hearing, or both, as he shall determine to be advisable, shall  be satisfied (1) that the applying bank has complied with all requirements and  conditions imposed by the Federal department, agency, or officer having power  to authorize or to approve the establishment and maintenance of a branch office  of a bank on such installation;  and (2) that the conditions under which the  bank will operate the branch office will not be inconsistent with the best  interest of its depositors and stockholders.

     L.1961, c. 67, p. 584, s. 2.