Terms Used In New Jersey Statutes 52:27H-21.22b

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
5. After a minority business or women’s business has been recertified after first receiving initial certification, the director shall require the certified minority business or certified women’s business to apply for recertification every five years. The director may require of the applicant the documentation that is necessary to determine the applicant’s eligibility for recertification, including but not limited to:

a. Names and addresses of the owner, partners or shareholders, as applicable, and their representative shares of ownership;

b. Names and addresses of members of the board of directors, in the case of corporations;

c. Names and addresses of the officers of the business;

d. Names and addresses of capital investors;

e. Number of shares of stock issued and outstanding, in the case of a corporation;

f. Articles of incorporation, bylaws, partnership agreements, or joint venture agreements, as applicable;

g. The capacity of the business to be bonded;

h. The affiliation of the business or any of its owners, officers or directors with any other business entity;

i. A representative list of prior and current clients;

j. Major real and personal property holdings of the business;

k. Financial statements and balance sheets;

l. Banking institutions with which the business is affiliated; and

m. Organizational charts;

n. An applicant’s certificate of birth and motor vehicle driver’s license;

o. Personal or corporate federal or State income tax returns;

p. An affidavit certifying that the applicant is a minority business or women’s business, as defined in section 2 of P.L.1986, c.195 (C. 52:27H-21.18); and

q. Any other information the director deems necessary to effectuate the purposes of this act.

L.2003,c.189,c.5.

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