17:48A-18 - Expense of examination; gifts, etc., to departmental employees - New Jersey Statutes

17:48A-18.  Expense of examination;  gifts, etc., to departmental employees    The reasonable expense of such examination shall be fixed and determined by  the Commissioner of Banking and Insurance, and he shall collect the same from  the corporation examined, which shall pay same on presentation of a detailed  account of such expense.  In case any corporation, after such examination,  shall be adjudged by the Superior Court to be insolvent, the expense of such  examination, if unpaid, shall be ordered paid out of the assets of the  corporation.  No corporation shall, either directly or indirectly, pay, by way  of gift, credit or otherwise, any other further sum to the commissioner or to  any person in the employ of the Department of Banking and Insurance, for extra  service or for purposes of legislation, or for any other purpose whatsoever.

     L.1940, c. 74, p. 195, s. 18.  Amended by L.1953, c. 17, p. 295, s. 185.