New Jersey Statutes 17:16D-5. Action by commissioner on application
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Terms Used In New Jersey Statutes 17:16D-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Upon the filing of an application and the payment of the license fee the commissioner shall make an investigation of each applicant and shall issue a license if he finds the applicant is qualified in accordance with this act. If the commissioner does not so find, he shall, within 30 days after he has received such application, so notify the applicant and at the request of the applicant, give the applicant a full hearing.
The commissioner shall issue or renew a license as may be applied for when he is satisfied that the person to be licensed–
(a) Is competent and trustworthy and intends to act in good faith in the capacity involved by the license applied for,
(b) Has a good business reputation and has had experience, training, or education so as to be qualified in the business for which the license is applied for, and
(c) If a corporation is a corporation incorporated under the laws of this State or a foreign corporation authorized to transact business in this State.
L.1968, c. 221, s. 5.