17:9A-332 - Sale of real property by foreign banks in the possession of an administrative or court officer - New Jersey Statutes

17:9A-332.  Sale of real property by foreign banks in the possession of an administrative or court officer
    When the property and business of a foreign bank not authorized to transact  business in this State is in the possession of a banking commissioner,  receiver, conservator, or other custodian or officer, by whatever name  described, such officer may sell or make other disposition of any real property  in this State to which title is vested in the foreign bank or in such officer,  and may effect such sale or other disposition by deeds of conveyance or other  instruments;  provided, that a certified copy of any certificate of possession  by such officer, or of any judgment, order or decree of a court appointing such  officer to take possession, is filed in the department.  If an order or decree  of a court be required by the laws under which the foreign bank is  incorporated, directing or confirming the sale or other disposition of the real  property, a certified copy of such order or decree shall also be filed in the  department.

     L.1948, c. 67, p. 411, s. 332.