17:9A-431. Popular name assigned to foreign bank, commercial lending company
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/nj/title-17/chapter-9a/17-9a-431A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
50. a. Each foreign bank and commercial lending company which is licensed to establish an office shall assign to that office a popular name which consists of a specific designation by name, number or both, and shall post the popular name and the name of the bank in a conspicuous place at the office.
b. The popular name that a foreign bank assigns to a representative office which it is licensed to establish shall include the term "representative office."
c. The popular name that a foreign bank assigns to an agency which it is licensed to establish shall not include the term "branch" unless that term is modified by the word "foreign" or "overseas" or by a similar word.
d. Each foreign bank which is licensed to establish a commercial lending company shall select a popular name that includes the term "commercial lending company" and shall post with that popular name a clear expression of whether the foreign bank is liable for the debts and obligations of the commercial lending company.
L.1996,c.17,s.50.