Powers of out-of-State, State association

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  2. New Jersey Revised Statutes
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  4. Powers of out-of-State, State association

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17:12B-24.2. Powers of out-of-State, State association

93. a. An out-of-State association that opens, occupies or maintains a branch office in this State shall have in this State only the powers a State association has in this State.

b. A State association that owns, occupies or maintains a branch office outside this State shall have in that state such additional powers as permitted to associations chartered in the state in which the branch is located.

L.1996,c.17,s.93.


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