14A:12-6 - Dissolution in action brought by the Attorney General
14A:12-6. Dissolution in action brought by the Attorney General
(1) The Attorney General may bring an action in the Superior Court for the dissolution of a corporation upon the ground that the corporation
(a) has procured its organization through fraud;
(b) has repeatedly exceeded the authority conferred upon it by law; or
(c) has repeatedly conducted its business in an unlawful manner.
(2) The Superior Court may proceed in such action in a summary manner or otherwise.
(3) The enumeration in subsection 14A:12-6(1) of grounds for dissolution shall not exclude any other statutory or common law action by the Attorney General for the dissolution of a corporation or the revocation or forfeiture of its corporate franchises.
L.1968, c.350.