LegalFix
Sign In

Section 17:14A-13 - Commissioner's findings

NJ Rev Stat § 17:14A-13 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

17:14A-13. Commissioner's findings

The commissioner shall approve the application and issue a certificate of approval which shall be endorsed upon or annexed to the certificate of incorporation if he finds that:

a. The establishment of the company is in the public interest; and

b. Will be of benefit to the area proposed to be served; and

c. The amount of the capital stock appears adequate or if he deems it inadequate the amount of capital stock or other form of capital investment he deems appropriate; and

d. The company will have a reasonable prospect of success; and

e. The character, responsibility and general fitness of the incorporators command confidence and warrant belief that the business of the company will be honestly and efficiently conducted; and

f. The name proposed for the company conforms with the requirements of this chapter and that the proposed bylaws are proper; and

g. The company has filed proofs as to the mailing of notice and publication required by the chapter.

L.1983, c. 566, s. 17:14A-13.

Previous Section
Section 17:14A-12 - Hearing; examination or investigation by commissioner
Next Section
Section 17:14A-14 - Commissioner's decision