2020 New Jersey Revised Statutes
Title 14A - Corporations, General
Section 14A:12-6 - Dissolution in action brought by the Attorney General

Universal Citation: NJ Rev Stat § 14A:12-6 (2020)

14A:12-6. Dissolution in action brought by the Attorney General

(1) The Attorney General may bring an action in the Superior Court for the dissolution of a corporation upon the ground that the corporation

(a) has procured its organization through fraud;

(b) has repeatedly exceeded the authority conferred upon it by law; or

(c) has repeatedly conducted its business in an unlawful manner.

(2) The Superior Court may proceed in such action in a summary manner or otherwise.

(3) The enumeration in subsection 14A:12-6(1) of grounds for dissolution shall not exclude any other statutory or common law action by the Attorney General for the dissolution of a corporation or the revocation or forfeiture of its corporate franchises.

L.1968, c.350.

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