N.J. Admin. Code § 3:12-3.1

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:12-3.1 - Minimum capital

A qualified corporation shall maintain capital equal to $ 5,000 for each corporate issuer serviced or $ 100,000, whichever is greater. Unless otherwise directed by the Commissioner, no qualified corporation shall be required to maintain capital in excess of $ 1,000,000.

N.J. Admin. Code § 3:12-3.1

Amended by R.1992 d.242, effective 6/15/1992.
See: 24 New Jersey Register 675(b), 24 New Jersey Register 2242(b).
Revised text.
Amended by R.1997 d.300, effective 7/21/1997.
See: 29 New Jersey Register 1583(a), 29 New Jersey Register 3241(a).