17:9A-332. Sale of real property by foreign banks in the possession of an administrative or court officer
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/nj/title-17/chapter-9a/17-9a-332A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.