14A:12-6 - Dissolution in action brought by the Attorney General - New Jersey Statutes

14A:12-6.  Dissolution in action brought by the Attorney General
    (1) The Attorney General may bring an action in the Superior Court for the dissolution of a corporation upon the ground that the corporation

     (a) has procured its organization through fraud;

      (b) has repeatedly exceeded the authority conferred upon it by law; or

      (c) has repeatedly conducted its business in an unlawful manner.

    (2) The Superior Court may proceed in such action in a summary manner or otherwise.

    (3) The enumeration in subsection 14A:12-6(1) of grounds for dissolution shall not exclude any other statutory or common law action by the Attorney General for the dissolution of a corporation or the revocation or forfeiture of  its corporate franchises.
 
L.1968, c.350.