17:9A-329. Surrender of certificate of authority
205 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-329A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A certificate of authority or a certificate of renewal of a certificate of authority of a foreign bank may be surrendered by filing in the department
(1)a copy of a resolution of the board of directors of the foreign bank, authorizing such surrender, certified by the secretary, an assistant secretary, the cashier or an assistant cashier of the foreign bank; or
(2)a certificate of a receiver, trustee, conservator, or other administrative or judicial officer, by whatever name described, in possession of the property and business of the foreign bank, authorizing such surrender; or
(3)a copy of a certificate of dissolution of the foreign bank, issued by the appropriate officer of the jurisdiction in which the foreign bank was incorporated, certified by such officer under his official seal; or
(4)a copy of an order or a decree of dissolution of the foreign bank made by any court of competent jurisdiction, certified by the clerk of the court under his official seal.
Upon the filing of any such certificate, the commissioner shall issue and file in the department a certificate evidencing the surrender of the authority of the foreign bank to transact business in this State.
L.1948, c. 67, p. 410, s. 329.