New Jersey Administrative Code
Title 3 - BANKING
Chapter 12 - REGISTRAR AND TRANSFER AGENTS
Subchapter 3 - CAPITAL REQUIREMENTS
Section 3:12-3.3 - Maximum time period for deficient capitalization
Universal Citation: NJ Admin Code 3:12-3.3
Current through Register Vol. 56, No. 18, September 16, 2024
A qualified corporation shall not remain in a deficient capital position as calculated by standards prescribed by this chapter for a period of time in excess of 12 months or such other period of time as the Commissioner may prescribe.
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