New Jersey Administrative Code
Title 3 - BANKING
Chapter 12 - REGISTRAR AND TRANSFER AGENTS
Subchapter 2 - REQUIRED REPORTING AND FILINGS WITH THE DEPARTMENT OF BANKING
Section 3:12-2.1 - Application to act as qualified corporation

Universal Citation: NJ Admin Code 3:12-2.1

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Prior to transacting business as a registrar, transfer agent or fiscal agent, a corporation shall obtain approval from the Department to act as a qualified corporation. The application to act as a qualified corporation shall be on a form approved by the Commissioner and shall contain the following:

1. The address of the principal corporate office;

2. Address of the principal office located in this State;

3. Names and home addresses of corporate directors and executive officers;

4. An unqualified audited financial statement prepared by a certified public accountant or a public accountant disclosing its assets, liabilities and capital;

5. Proof of the fidelity insurance coverage required by 3:12-4.1;

6. Evidence that the applicant has adequate vault or other safe-keeping facilities for the safeguarding of stocks and other securities received, processed or otherwise held for the account of customers;

7. An application fee of $ 250.00; and

8. Additional information which may be specifically requested by the Commissioner from a particular filer.

(b) The president or vice president of the corporation shall certify that the information contained on the application is true to the best of his or her knowledge and belief.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.