17:52-7 - Hearing on application for commissioner - New Jersey Statutes

17:52-7.  Hearing on application for commissioner
    At the time and place designated for the hearing, the incorporators shall file proof with the Commissioner of Banking and Insurance that the requirements, if any, for public notice of the hearing have been complied with,  and the commissioner shall afford all those desirous thereof, an opportunity to  be heard.  In addition to the matters presented at the hearing, the  commissioner shall consider such facts and circumstances as he may determine to  be relevant as a result of an independent investigation made or caused to be  made by him.  The commissioner shall cause a stenographic record of the hearing  to be made, the cost whereof shall be paid by the incorporators.

     L.1957, c. 218, p. 756, s. 7.