17:52-14 - Members; qualifications - New Jersey Statutes

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

     L.1957, c. 218, p. 759, s. 14.