N.J.S.A. 14A:12-6 — Dissolution in action brought by the Attorney General

14A:12-6. Dissolution in action brought by the Attorney General (1) The Attorney General may bring an action in the Superior Court for the dissolution of a corporation upon the ground that the corporation (a) has procured its organization through fraud; (b) has repeatedly exceeded the authority conferred upon it by law; or (c) has repeatedly conducted its business in an unlawful manner. (2) The Superior Court may proceed in such action in a summary manner or otherwise. (3) The enumeration in subsection 14A:12-6(1) of grounds for dissolution shall not exclude any other statutory or common law action by the Attorney General for the dissolution of a corporation or the revocation or forfeiture of its corporate franchises. L.1968, c.350.

This is the verbatim text of N.J.S.A. 14A:12-6, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.