17:9A-439. Restrictions upon representative office
45 words·~1 min read·
/nj/title-17/chapter-9a/17-9a-439A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
58. A foreign bank which is licensed to establish a representative office may, subject to regulations the commissioner may prescribe, engage in representational functions at that office but shall not solicit or accept deposits or credit balances or otherwise transact business at the office.
L.1996,c.17,s.58.