Section 17:1-27 - Prohibited actionsNo bank, savings bank, State association, or any officer, director, employee, or major shareholder thereof, shall:
a. Fail to comply with an order or other written instruction of the commissioner or any other financial regulatory agency;b. Violate a State or federal law;c. Take any action, or fail to take an action, with the result that a material interest of the covered institution is adversely affected;d. Be convicted of a crime that would permit adverse action by a governmental agency pursuant to P.L. 1968, c.282 (C. 2A:168A-1 et seq.);e. Provide incorrect, misleading, incomplete or untrue material information about the covered institution to the commissioner or any federal financial regulatory agency;f. Withhold material information from the commissioner or any federal financial regulatory authority about the covered institution; org. Take an action, or fail to take an action, the result of which poses a substantial risk to the safety and soundness of the covered institution or may cause substantial damage to its reputation.Added by L. 2005, c. 195, s. 3, eff. 10/17/2005.