54:10A-21 - Foreign corporations; revocation of certificate for failure to pay tax; other remedies unimpaired - New Jersey Statutes

54:10A-21.  Foreign corporations;  revocation of certificate for failure to  pay tax;  other remedies unimpaired
    In the event of failure or neglect of any taxpayer which is a foreign corporation to pay the tax imposed by this chapter, on or before the first day of December in each year, immediate notice thereof may be given by the commissioner to the Secretary of State who shall immediately revoke the certificate of authority of said corporation to do business in the State of New  Jersey and notice of such revocation shall be given by the Secretary of State  to the corporation affected and thereafter such corporation, so far as the  further transaction of business in the State of New Jersey is concerned, shall  be in the same condition as if no certificate of authority had ever been issued  to it by the Secretary of State, but remedies provided by this chapter for the  collection of the tax and interest and penalties shall remain unimpaired.   After the revocation of any such certificate of authority, no new certificate  shall be issued by the Secretary of State to such defaulting corporation until  the payment of all assessments imposed hereunder and remaining unpaid with  penalties and interest and any costs that may have accrued, such payment to be  evidenced by a certificate of the commissioner.

     L.1945, c. 162, p. 573, s. 21.