N.J. Stat. § 17:48A-18: Expense of examination; gifts, etc., to departmental employees
Where this section sits in the code
- TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
The reasonable expense of such examination shall be fixed and determined by the Commissioner of Banking and Insurance, and he shall collect the same from the corporation examined, which shall pay same on presentation of a detailed account of such expense. In case any corporation, after such examination, shall be adjudged by the Superior Court to be insolvent, the expense of such examination, if unpaid, shall be ordered paid out of the assets of the corporation. No corporation shall, either directly or indirectly, pay, by way of gift, credit or otherwise, any other further sum to the commissioner or to any person in the employ of the Department of Banking and Insurance, for extra service or for purposes of legislation, or for any other purpose whatsoever.
L.1940, c. 74, p. 195, s. 18. Amended by L.1953, c. 17, p. 295, s. 185.
Collected 2026-08-27T17:54:13Z. Source file · JSON