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Code · New Jersey · Title 17 — Notice and Publication · Chapter 14A

17:14A-57. Control of safe deposit company; investigation by commissioner

158 words·~1 min read·/nj/title-17/chapter-14a/17-14a-57·

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After the filing of the application as provided in R.S. 17:14A-56, the commissioner shall conduct an investigation to determine whether:
a. The acquisition of control of the safe deposit company is not contrary to law;
b. The acquisition of control of the safe deposit company is in the best interest of the public;
c. The character, responsibility and general fitness of the person or company seeking to acquire control of the safe deposit company are such as to command confidence and warrant belief that the business of the safe deposit company will be honestly and efficiently conducted in a manner consistent with the public interest, the interests of lessees and creditors of the safe deposit company; and
d. The exercise of control of the safe deposit company may impair the safe and sound conduct of the business of the safe deposit company, the conservation of its assets or public confidence in its business.
L.1983, c. 566, s. 17:14A-57.
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