N.J. Admin. Code § 3:12-3.3

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

Section 3:12-3.3 - Maximum time period for deficient capitalization

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.

N.J. Admin. Code § 3:12-3.3

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.