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Code · New Jersey · Title 17 — Notice and Publication · Chapter 9A

17:9A-73. Overdrafts

72 words·~1 min read·/nj/title-17/chapter-9a/17-9a-73

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No bank shall permit a director, executive or other officer or employee of the bank or a corporation, or a partnership, to become liable to the bank by overdraft against a deposit account. This section shall not apply to extensions of credit made pursuant to "The Advance Loan Law of 1968," P.L.1968, c. 64.
L.1948, c. 67, p. 252, s. 73. Amended by L.1979, c. 226, s. 4, eff. Oct. 12, 1979.
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Don't Tread on Me
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