17:45-13 - Failure to file annual statement or answer inquiries; penalty; authority to cease on notice
17:45-13.Ā Failure to file annual statement or answer inquiries; penalty; authority to cease on notice
Any such association which neglects to make and file its annual statement inĀ the form and within the time provided by section 17:45-12 of this Title or toĀ reply in writing to inquiries of the commissioner within such reasonable timeĀ as may be specified by him shall forfeit twenty-five dollars ($25.00) for eachĀ day's neglect, to be recovered in a civil action, and upon notice by theĀ commissioner to that effect its authority to do new business in this StateĀ shall cease while such default continues.
Amended by L.1953, c. 17, p. 275, s. 157.
Any such association which neglects to make and file its annual statement inĀ the form and within the time provided by section 17:45-12 of this Title or toĀ reply in writing to inquiries of the commissioner within such reasonable timeĀ as may be specified by him shall forfeit twenty-five dollars ($25.00) for eachĀ day's neglect, to be recovered in a civil action, and upon notice by theĀ commissioner to that effect its authority to do new business in this StateĀ shall cease while such default continues.
Amended by L.1953, c. 17, p. 275, s. 157.