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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 16e: Purpose

      Section: 17:16e-3: Mutual directors, officers or managers of financial institutions in same, adjacent, or contiguous municipalities; prohibition

           Except as otherwise provided in section 6 of this act no person who is a director, officer or manager of a financial institution which has a principal or branch office in a particular municipality shall serve as a director, officer or manager of another financial institution which has a principal or branch office in the same municipality or in a contiguous or adjacent municipality.

L.1975, c. 265, s. 3, eff. Jan. 1, 1976.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:16e-3 (if available):



Court decisions that cite this statute: CLICK HERE.