{"data":{"id":"us-nj/n.j.-stat.-17-52-14","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:52-14","heading":"Members;  qualifications","body":"Any bank, trust company, national bank, insurance company, surety company or  public utility company which is authorized to transact business in this State  shall be eligible to become a member of a business development corporation.   Membership shall become effective upon the acceptance by the board of  directors of an application therefor.  No corporation, other than 1 of the  nature in this section designated, and no individual or individuals shall be  eligible to become a member of a business development corporation.\nL.1957, c. 218, p. 759, s. 14.","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":"ec4d5db68af2562554672bfe7c12a1ebbab9b9c34818e34199b644c5e3ee9d29","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-52-13","next":"us-nj/n.j.-stat.-17-52-15"},"notice":"GroundRules: Original legal text. Not legal advice."}