17:45-13 - Failure to file annual statement or answer inquiries; penalty; authority to cease on notice - New Jersey Statutes

17:45-13.  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 in  the form and within the time provided by section 17:45-12 of this Title or to  reply in writing to inquiries of the commissioner within such reasonable time  as may be specified by him shall forfeit twenty-five dollars ($25.00) for each  day's neglect, to be recovered in a civil action, and upon notice by the  commissioner to that effect its authority to do new business in this State  shall cease while such default continues.

     Amended by L.1953, c. 17, p. 275, s. 157.