17:52-14 - Members;Ā qualifications
17:52-14.Ā Members;Ā qualifications
Any bank, trust company, national bank, insurance company, surety company orĀ public utility company which is authorized to transact business in this StateĀ shall be eligible to become a member of a business development corporation. Membership shall become effective upon the acceptance by the board ofĀ directors of an application therefor.Ā No corporation, other than 1 of theĀ nature in this section designated, and no individual or individuals shall beĀ eligible to become a member of a business development corporation.
L.1957, c. 218, p. 759, s. 14.
Any bank, trust company, national bank, insurance company, surety company orĀ public utility company which is authorized to transact business in this StateĀ shall be eligible to become a member of a business development corporation. Membership shall become effective upon the acceptance by the board ofĀ directors of an application therefor.Ā No corporation, other than 1 of theĀ nature in this section designated, and no individual or individuals shall beĀ eligible to become a member of a business development corporation.
L.1957, c. 218, p. 759, s. 14.