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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 52: Business development corporations; purposes
Section: 17:52-14: Members; qualifications
Any bank, trust company, national bank, insurance company, surety company or public utility company which is authorized to transact business in this State shall be eligible to become a member of a business development corporation. Membership shall become effective upon the acceptance by the board of directors of an application therefor. No corporation, other than 1 of the nature in this section designated, and no individual or individuals shall be eligible to become a member of a business development corporation.
L.1957, c. 218, p. 759, s. 14.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:52-14 (if available):
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