54:14-6 - Injunctive relief against exercise of powers by delinquent corporation - New Jersey Statutes

54:14-6.  Injunctive relief against exercise of powers by delinquent corporation    In addition to other remedies for the collection of a tax imposed by chapters twelve to fifteen of this Title (s. 54:12-1 et seq.), when the same shall have been in arrears for three months after becoming payable, the Attorney-General may of his own motion or upon the request of the Director of the Division of Taxation bring an action in the Superior Court in the name of the State, against the delinquent corporation for injunctive relief to restrain  the corporation from the exercise of any franchise or the transaction of any  business within this State until the payment of such tax and interest due  thereon and the costs of such application as fixed by the court.

    The court may proceed in the action in a summary manner or otherwise and may  grant such injunctive relief, if a proper case appear.  When the order or judgment giving such relief is granted and served, such corporation shall not thereafter exercise any franchise or transact any business in this State until the order or judgment is vacated.

     Amended by L.1953, c. 51, p. 917, s. 122.