New Jersey § 56:9-7
Full text of New Jersey New Jersey Statutes § 56:9-7, with citation guidance and answers to common questions.
§ 56:9-7.
Upon a violation of this act by any corporation or association organized under the
laws of this State, or upon failure to comply with the terms of a final judgment or
decree rendered by a court of this State for a violation of the provisions of this
act, or to comply with a consent judgment or decree rendered by a court of this State
concerning an alleged violation of this act, the Attorney General may institute proper
proceedings in a court of competent jurisdiction for the forfeiture of charter rights,
franchises, privileges and powers, and for the dissolution of the corporation or association,
or for the suspension of the privilege to conduct business within the State. The court, in its discretion, and with due consideration of all relevant factors,
including relevant public interests and competitive and economic factors, may order
the dissolution, suspend the privilege to conduct business for a specific period,
deny such relief, or provide other appropriate relief. A dissolution shall be conducted in accordance with the procedures specified by
law for either voluntary or involuntary dissolution of the particular type of corporation
or association.
Frequently Asked Questions About New Jersey § 56:9-7
What does New Jersey Statutes § 56:9-7 cover?
Section 56:9-7 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 56:9-7?
A common citation format is "New Jersey Statutes § 56:9-7" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 56:9-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.