N.J. Admin. Code § 3:12-2.1 - Application to act as qualified corporation

Current through Register Vol. 54, No. 7, April 4, 2022

(a) Prior to transacting business as a registrar, transfer agent or fiscal agent, a corporation shall obtain approval from the Department to act as a qualified corporation. The application to act as a qualified corporation shall be on a form approved by the Commissioner and shall contain the following:
1. The address of the principal corporate office;
2. Address of the principal office located in this State;
3. Names and home addresses of corporate directors and executive officers;
4. An unqualified audited financial statement prepared by a certified public accountant or a public accountant disclosing its assets, liabilities and capital;
5. Proof of the fidelity insurance coverage required by 3:12-4.1;
6. Evidence that the applicant has adequate vault or other safe-keeping facilities for the safeguarding of stocks and other securities received, processed or otherwise held for the account of customers;
7. An application fee of $ 250.00; and
8. Additional information which may be specifically requested by the Commissioner from a particular filer.
(b) The president or vice president of the corporation shall certify that the information contained on the application is true to the best of his or her knowledge and belief.


N.J. Admin. Code § 3:12-2.1
Amended by R.1992 d.242, effective 6/15/1992.
See: 24 New Jersey Register 675(b), 24 New Jersey Register 2242(b).
Revised text.
Amended by R.1997 d.300, effective 7/21/1997.
See: 29 New Jersey Register 1583(a), 29 New Jersey Register 3241(a).
Amended section name; in (a), inserted requirement that form be approved by the Commissioner; amended information to be included on form; and deleted former (c) and (d), relating to filing.

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