54:11-2 - Delinquents reported to secretary of state; proclamation voiding charter - New Jersey Statutes

54:11-2.  Delinquents reported to secretary of state;  proclamation voiding  charter    On or before the first Monday in January in each year the Director of the Division of Taxation shall report to the Secretary of State a list of all corporations which for 2 years next preceding the report have failed to pay the  taxes assessed against them under any law of this State as provided in section  54:11-1 of this Title.  The Secretary of State shall forthwith issue his  proclamation declaring under this Title and chapter, that the charters of these  corporations are repealed, and all powers conferred by law upon them shall  thereafter be inoperative and void.  The proclamation of the Secretary of State  shall be filed in his office.

     Amended by L.1970, c. 282, s. 2, eff. Dec. 3, 1970.