New Jersey Revised Statutes § 17:9a-268 - Penalty For Failure To Comply With Commissioner's Order

17:9A-268. Penalty for failure to comply with commissioner's order
268. A bank, or out-of-State bank with a branch in this State, which continues to violate the provisions of its certificate of incorporation or which continues to conduct its business in violation of any law of this State, or another state where it is transacting business, or in an unsafe manner, after having been ordered by the commissioner to cease such practices, shall be liable to a penalty of $1,000.00 to be recovered with costs by the State in any court of competent jurisdiction in a civil action prosecuted by the Attorney-General, and it shall be liable to a like penalty for each day's additional default from and after the time specified in the order. The penalty provided by this section shall be in addition to and not in lieu of any other provision of law applicable upon a bank's or out-of-State bank's failure to comply with an order of the commissioner.

L.1948, c.67,s.268; amended 1953, c.17,s.42; 1996,c.17,s.23.

Section: Previous  17-9a-261  17-9a-262  17-9a-263  17-9a-264  17-9a-265  17-9a-266  17-9a-267  17-9a-268  17-9a-269  17-9a-271  17-9a-272  17-9a-273  17-9a-274  17-9a-275  17-9a-276  Next

Last modified: October 11, 2016