{"data":{"id":"us-nj/n.j.-stat.-17-13-82","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:13-82","heading":"Disapproval of application; annexation; filing of certificate of approval.","body":"4.\tThe commissioner shall disapprove the application if the commissioner finds that:\na.\tThe incorporation of the proposed credit union will not be in the public interest;\nb.\tThe incorporators do not evidence character, responsibility, and general fitness;\nc.\tThe provisions contained in the certificate of incorporation for the regulation of the business and the provisions creating or limiting the powers of the proposed credit union are improper provisions, or will not serve the best interest of the members of the proposed credit union; or\nd.\tThe conditions of employment or other conditions prevailing in any group or organization from which the membership is to be drawn are such as to result in financial instability or otherwise render the organization of the credit union inadvisable.\nIf the application is approved by the commissioner, the commissioner shall annex a certificate of approval, and the application shall be filed in the department.\nL.1984,c.171,s.4; amended 1998, c.133, s.2.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"322ea3b8f3f4c58d5b92dc59fad8fb291cc7ef5d1b16e1f04c98a410bea5170f","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-13-81","next":"us-nj/n.j.-stat.-17-13-83"},"notice":"GroundRules: Original legal text. Not legal advice."}