N.J. Stat. § 17:16E-3

Current through L. 2024, c. 87.

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.

N.J.S. § 17:16E-3

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