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17:52-23. Supervision by Commissioner of Banking and Insurance
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
...
17
:
52-23
.
Supervision
by
Commissioner
of
Banking
and
Insurance
17
:
52-23
.
Supervision
by
Commissioner
of
Banking
and
Insurance
A. The
Commissioner
of
Banking
and
Insurance
shall, whenever and as often as he deems it necessary, cause the affairs of every business development corporation to be examined to determine whether it...
... conducting its business in conformity with the laws of this State and its certificate of incorporation. In carrying out the provisions of this subsection, the
commissioner
shall have the same powers conferred upon him in the examination of the affairs of a
banking
institution organized under the laws of this State. B. If the
Commissioner
of
Banking
and
Insurance
finds that a business development corporation is violating the provisions of its certificate of incorporation, or is conducting its business in violation of any law...
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