New Jersey Revised Statutes § 17:14a-13 - Commissioner's Findings

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.

Section: Previous  17-14a-6  17-14a-7  17-14a-8  17-14a-9  17-14a-10  17-14a-11  17-14a-12  17-14a-13  17-14a-14  17-14a-15  17-14a-16  17-14a-17  17-14a-18  17-14a-19  17-14a-20  Next

Last modified: October 11, 2016