New Jersey Statutes 17:45-13. Failure to file annual statement or answer inquiries; penalty; authority to cease on notice
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Terms Used In New Jersey Statutes 17:45-13
- 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
Any such association which neglects to make and file its annual statement in the form and within the time provided by section 17:45-12 of this Title or to reply in writing to inquiries of the commissioner within such reasonable time as may be specified by him shall forfeit twenty-five dollars ($25.00) for each day’s neglect, to be recovered in a civil action, and upon notice by the commissioner to that effect its authority to do new business in this State shall cease while such default continues.
Amended by L.1953, c. 17, p. 275, s. 157.