N.J.S.A. 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.

This is the verbatim text of N.J.S.A. 17:14A-13, 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.