reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:14A-12 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-12 - Hearing; examination or investigation by commissioner

17:14A-12. Hearing; examination or investigation by commissioner  At the hearing on the application to approve the certificate of incorporation or at any adjournment granted by the commissioner, anyone desiring to be heard shall be given the opportunity to be heard. The commissioner shall also make an independent examination or investigation of the application as the circumstances shall require. The commissioner may, in writing, waive a hearing on the application to approve the certificate of incorporation. L.1983, c. 566, s. 17:14A-12.
NJ Rev Stat § 17:14A-13 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 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.
NJ Rev Stat § 17:14A-14 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-14 - Commissioner's decision

17:14A-14. Commissioner's decision  Within 30 days after the close of the hearing, the commissioner shall announce his decision upon such application and file in his office, a written memorandum stating the reasons therefor which shall be open to public inspection; and he shall forthwith thereafter give written notice thereof to the incorporators. L.1983, c. 566, s. 17:14A-14.
NJ Rev Stat § 17:14A-15 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-15 - Filing certificate of incorporation as evidence

17:14A-15. Filing certificate of incorporation as evidence  If the application is approved by the commissioner, he shall endorse upon or annex to the certificate of incorporation a certificate of approval and the certificate of incorporation shall be filed in the department. The certificate or a copy thereof duly certified by the commissioner shall be evidence in all courts and places. L.1983, c. 566, s. 17:14A-15.
NJ Rev Stat § 17:14A-16 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-16 - Beginning of corporate existence; transaction of business

17:14A-16. Beginning of corporate existence; transaction of business  Upon the filing of the certificate of incorporation as provided in R.S. 17:14A-15, the subscribers to the certificate, their successors and assigns, shall be a corporation by the name stated in the certificate, subject to the provisions of this chapter, but a safe deposit company shall not transact any business whatsoever, except that relating to its organization, until it has received a certificate of authority from the commissioner to transact business as hereinafter provided. L.1983, c. 566, s. 17:14A-16.
NJ Rev Stat § 17:14A-17 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-17 - Payment of capital; filing proof with commissioner

17:14A-17. Payment of capital; filing proof with commissioner  The full amount of capital shall be paid in, in cash, before a safe deposit company transacts any business, except that which relates to its organization. The payment shall be certified to the commissioner under oath of two of its officers. L.1983, c. 566, s. 17:14A-17.
NJ Rev Stat § 17:14A-18 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-18 - Certificate of authority to transact business

17:14A-18. Certificate of authority to transact business  The commissioner shall issue a certificate of authority to a safe deposit company in which it shall be stated that the safe deposit company therein named has complied with the provisions of this chapter and is authorized to begin the transaction of business specified in the certificate of incorporation when he shall have verified by examination that: a. The certificate of incorporation has been filed as provided in R.S. 17:14A-15; b. The entire capital stock as stated in the certificate of incorporation has been fully paid in cash, unconditionally and without reservation; c. The cash paid in or the capital stock is on deposit in a banking institution in this State, without offset, claim or demand whatsoever, and subject to withdrawal upon demand; and d. Proof to the satisfaction of the commissioner that the proposed officers of the safe deposit company who will have control or supervision of the company's operations possess the qualifications, experience and character required for the duties and responsibilities with which they will be charged. A copy of the certificate of authority shall be filed in the department. L.1983, c. 566, s. 17:14A-18.
NJ Rev Stat § 17:14A-19 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-19 - Time within which to issue certificate or notify company of refusal

17:14A-19. Time within which to issue certificate or notify company of refusal  The commissioner shall, within 30 days after receipt of the company's certificate of incorporation and the verified certificate certifying as to the payment of capital, issue the certificate of authority to transact business or notify the safe deposit company in writing of his reasons for refusing it. L.1983, c. 566, s. 17:14A-19.
NJ Rev Stat § 17:14A-20 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-20 - Review of refusal to issue certificate of authority

17:14A-20. Review of refusal to issue certificate of authority  The commissioner's failure to issue the certificate of authority or to notify the company in writing of his reasons for refusal to issue the certificate of authority within the time specified in R.S. 17:14A-19 shall be subject to review by appeal to the Appellate Division of the Superior Court. L.1983, c. 566, s. 17:14A-20.
NJ Rev Stat § 17:14A-21 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-21 - Dissolution for failure to obtain certificate of authority or commence business

17:14A-21. Dissolution for failure to obtain certificate of authority or commence business  If a safe deposit company shall fail to obtain a certificate of authority within six months from the date of the commissioner's approval of its certificate of incorporation or within the extended time hereinafter provided, or if the safe deposit company shall fail to commence business within six months after the issuance of the certificate of authority or within the extended time hereinafter provided, the commissioner may make an order, to be filed in the department, forfeiting the safe deposit company's rights, powers and privileges as a corporation, and upon the filing of the order the corporate rights, powers and privileges of the safe deposit company shall cease. The commissioner may, upon good cause shown, extend the time to obtain a certificate of authority or commence business. The extension or extensions shall be for a period or periods as the commissioner may specify, not exceeding 12 months in all, and shall be evidenced by a certificate or certificates of the commissioner filed in the department. L.1983, c. 566, s. 17:14A-21.
NJ Rev Stat § 17:14A-22 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-22 - Tolling of time to obtain certificate of authority or commence business

17:14A-22. Tolling of time to obtain certificate of authority or commence business  If proceedings are instituted to review the commissioner's approval of an application to file a certificate of incorporation or to review the commissioner's failure to issue a certificate of authority, the period from the date of the commissioner's approval or failure to issue a certificate of authority to the entry of the final judgment in the proceedings shall not be considered in computing any 12 months' period limited in R.S. 17:14A-21. L.1983 c. 566, s. 17:14A-22.
NJ Rev Stat § 17:14A-23 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-23 - Powers

17:14A-23. Powers  In addition to the powers conferred by Title 14A of the New Jersey Statutes, Corporations, General, so far as they are not inconsistent with the provisions of this chapter, a safe deposit company may, as lessor, lease vaults, safe deposit boxes and other receptacles for the storage and safe keeping of personal property upon terms and conditions as may be prescribed by the safe deposit company with the lessees of the vaults, safe deposit boxes and other receptacles, but a safe deposit company shall not make any loans or advances upon any property left with it for storage nor have the power to transact the business of a bank, savings bank or savings and loan association or any other business except that of a safe deposit company. L.1983, c. 566, s. 17:14A-23.
NJ Rev Stat § 17:14A-24 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-24 - Directors; number; election; term

17:14A-24. Directors; number; election; term  The affairs of a safe deposit company shall be managed by a board of at least five directors elected by the stockholders of the company at each annual meeting. The persons receiving the greatest number of votes shall be the directors. The directors shall hold office for one year and until their successors are elected and qualified. L.1983, c. 566, s. 17:14A-24.
NJ Rev Stat § 17:14A-25 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-25 - Directors; voting rights of stockholders

17:14A-25. Directors; voting rights of stockholders  At a meeting of stockholders for the election of directors, a stockholder shall be entitled to one vote for each share of stock owned. A stockholder may vote by a proxy in writing signed by him. L.1983, c. 566, s. 17:14A-25.
NJ Rev Stat § 17:14A-26 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-26 - Directors; oath

17:14A-26. Directors; oath  Each director shall, following his election and before the assumption of any duties as a director, take an oath that he will, so far as the duty devolves upon him, diligently and honestly administer the affairs of the safe deposit company, and that he will not knowingly violate or knowingly permit to be violated any provision of this chapter. The oath subscribed by the director and certified by the officer before whom it is taken shall be transmitted to and filed in the office of the commissioner. L.1983, c. 566, s. 17:14A-26.
NJ Rev Stat § 17:14A-27 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-27 - Bonding of directors, officers and employees

17:14A-27. Bonding of directors, officers and employees  Every safe deposit company shall, at its own expense, cause to be bonded, by a surety company or companies authorized to transact business in New Jersey, each director, all officers and employees of the company in an amount as shall be approved by the board of directors. The bonds may be individual bonds or may be one or more blanket bonds. The board of directors shall annually examine all the bonds, shall pass upon their sufficiency and may require a new bond or bonds or increases in the amounts thereof. The commissioner may from time to time order an increase in the amounts of the bonds. A bond shall not be deemed to comply with this section unless the bond contains a provision that it shall not be cancellable for any cause unless notice of intention to cancel is filed in the office of the commissioner at least five days before the day upon which cancellation is to take effect. L.1983, c. 566, s. 17:14A-27.
NJ Rev Stat § 17:14A-28 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-28 - Bonding of directors, officers and employees; waiver

17:14A-28. Bonding of directors, officers and employees; waiver  If a safe deposit company is unable to obtain the bond or bonds required by R.S. 17:14A-27, the commissioner may, in his discretion, waive the requirements of R.S. 17:14A-27 for a period of one year, upon terms as he may deem appropriate, that the company is adequately capitalized and that a waiver will not otherwise endanger the financial condition of the company. L.1983, c. 566, s. 17:14A-28.
NJ Rev Stat § 17:14A-29 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-29 - Branch offices; capital requirements; location

17:14A-29. Branch offices; capital requirements; location  A safe deposit company may, pursuant to a resolution of its board of directors and by an amendment to its certificate of incorporation to increase its capital stock in an amount of at least $100,000.00 for each branch office to be established and maintained, establish and maintain a branch office or offices as hereinafter provided. L.1983, c. 566, s. 17:14A-29.
NJ Rev Stat § 17:14A-30 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-30 - Branch offices; application, approval

17:14A-30. Branch offices; application, approval  Before a branch office shall be established, the safe deposit company shall file a written application in the department for the commissioner's approval. The commissioner shall, within 90 days after the filing of the application, approve the application if he finds, after investigation or hearings or both, that: a. The safe deposit company has complied with R.S. 17:14A-29; b. The interests of the public will be served to advantage by the establishment of the branch office; and c. The conditions in the locality in which the proposed branch is to be established afford reasonable promise of successful operation. L.1983, c. 566, s. 17:14A-30.
NJ Rev Stat § 17:14A-31 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-31 - Branch offices; failure to open and operate

17:14A-31. Branch offices; failure to open and operate  The failure of a safe deposit company to open and operate a branch office within six months after the commissioner approves the application therefor shall automatically terminate the right of safe deposit company to open the branch office, and it shall make no further application to establish a branch office at the location, or in the area which would be served by a safe deposit company doing business at the location, until after the expiration of one year from the date of such approval; except that, for good cause shown, the commissioner may, in his discretion, on application of the safe deposit company made before the expiration of the six months period, extend for additional periods, not in excess of six months each, the time within which the branch office may be opened. L.1983, c. 566, s. 17:14A-31.
NJ Rev Stat § 17:14A-32 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-32 - Branch offices; discontinuance

17:14A-32. Branch offices; discontinuance  By resolution of its board of directors, a safe deposit company may discontinue a branch office. Upon adoption of the resolution, the safe deposit company shall file a certificate in the department specifying the location of the branch office to be discontinued, and the date upon which the discontinuance shall be effective. L.1983, c. 566, s. 17:14A-32.
NJ Rev Stat § 17:14A-33 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-33 - Change of principal or branch office; application

17:14A-33. Change of principal or branch office; application  A safe deposit company may change the location of its principal office or of a branch office to a location by filing an application in the department. L.1983, c. 566, s. 17:14A-33.
NJ Rev Stat § 17:14A-34 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-34 - Change of principal or branch office; approval

17:14A-34. Change of principal or branch office; approval  The commissioner shall approve the application for a change of location of the principal office of a safe deposit company or a branch office if it shall appear from the application or from any investigation he may make that the area to be served by the office after its change in location would not be substantially different from the area previously served by the office. L.1983, c. 566, s. 17:14A-34.
NJ Rev Stat § 17:14A-35 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-35 - Merger

17:14A-35. Merger  Any safe deposit company may, with the approval of the commissioner, merge with any other safe deposit company, bank, savings bank or savings and loan association subject to any applicable law relating to the merger of banks, savings banks or savings and loan associations as hereinafter provided. In a merger with a bank, savings bank or savings and loan association, the surviving company shall be a bank, savings bank or savings and loan association. L.1983, c. 566, s. 17:14A-35.
NJ Rev Stat § 17:14A-36 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-36 - Merger agreement; authorization

17:14A-36. Merger agreement; authorization  The boards of directors of each company proposing to merge shall authorize the execution of a merger agreement which shall contain: a. The names of the safe deposit companies proposing to merge and the location of the principal office and branch offices of the merging company; b. The name of the company into which they propose to merge, which is hereinafter designated as the surviving company; c. The location of the principal office of the surviving company; d. The names of the persons who will be the directors of the surviving company; e. The names of the persons who will be the officers of the surviving company; f. The locations then occupied by the principal offices, branch offices of the merging companies and the surviving company which will be continued as branch offices of the surviving company; g. The effective date of the merger; h. The amount of capital stock, the number of shares into which it will be divided, the par value of each share, which the surviving company will have after the merger is affected; i. The manner and basis of converting the shares of each merging company into shares, other securities, or obligations of the surviving company, or into cash or other consideration which may include shares or other securities or obligations of a corporation not a party to the merger, or into any combinations thereof; j. A statement of any amendments in the certificate of incorporation of the surviving company to be effected by the merger; and k. Any other provisions, not inconsistent with this chapter, which may be necessary or appropriate to effect the merger. L.1983, c. 566, s. 17:14A-36.
NJ Rev Stat § 17:14A-37 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-37 - Consolidation

17:14A-37. Consolidation  Any two or more safe deposit companies may, with the approval of the commissioner, consolidate into a new company as hereinafter provided. L.1983, c. 566, s. 17:14A-37.
NJ Rev Stat § 17:14A-38 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-38 - Consolidation plan; authorization

17:14A-38. Consolidation plan; authorization  The boards of directors of each safe deposit company proposing to consolidate into a new company shall authorize the execution of a plan of consolidation which shall contain: a. The names of the safe deposit companies proposing to consolidate; b. The name of the new company into which the safe deposit companies propose to consolidate, which is hereinafter designated as the new company; c. The location of the principal office of the new company; d. The names of the persons who will be directors of the new company; e. The names of the persons who will be officers of the new company; f. The effective date of the consolidation; g. The amount of capital stock, the number of shares into which it will be divided, the par value of each share, which the new company will have after the consolidation is effective; h. The manner and basis of converting the shares of each company into shares, other securities or obligations of the new company, or into cash or other consideration which may include shares or other securities or obligations of a corporation not a party to the consolidation, or any combination thereof; i. With respect to the new corporation, all of the statements required to be set forth in the certificate of incorporation for companies organized under this chapter, except it will not be necessary to set forth the names and addresses of each incorporator; and j. Any other provisions, not inconsistent with this chapter, which may be necessary or appropriate to effect the consolidation. L.1983, c. 566, s. 17:14A-38.
NJ Rev Stat § 17:14A-39 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-39 - Approval or disapproval of merger agreement or consolidation plan by commissioner

17:14A-39. Approval or disapproval of merger agreement or consolidation plan by commissioner  The merger agreement or consolidation plan, executed by all the parties thereto, shall be submitted to the commissioner who shall, within 60 days from the date of submission, endorse thereon his approval or disapproval. If the commissioner shall disapprove the agreement or plan, he shall forthwith file a memorandum in the department stating the reasons for his disapproval, and shall mail a copy of the memorandum to each of the companies which is a party to the merger agreement or consolidation plan. The commissioner shall not withhold his approval unless he shall find that the merger agreement or consolidation plan contains provisions which do not conform to this chapter, or that the merger or consolidation will not be in the public interest. L.1983, c. 566, s. 17:14A-39.
NJ Rev Stat § 17:14A-40 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:14A-40 - Review of commissioner's disapproval of merger agreement or consolidation plan

17:14A-40. Review of commissioner's disapproval of merger agreement or consolidation plan  The commissioner's disapproval of a merger agreement or consolidation plan, as provided in R.S. 17:14A-39, shall be subject to review by appeal to the Appellate Division of the Superior Court. L.1983, c. 566, s. 17:14A-40.