Jun 29, 2021 · New Jersey Attorney General Gurbir Grewal Stepping Down To Join SEC. TRENTON, N.J. (CBS/AP) — Gov. Phil Murphy is looking for a new attorney general. Gurbir Grewal is stepping down to take a new ...
Nov 04, 2019 · Lee Moore. 609-292-4791. Citizen Inquiries-. 609-984-5828. New Jersey Bureau of Securities Revokes Registration, Obtains Court Order Freezing Assets of Red Bank Broker-Dealer That Raked in $28.7M in Excessive Trading Scheme. Bureau Also Announces Latest Agent Revoked, Penalties Assessed in Ongoing Investigation of Firm.
Working with a California chapter of the Alliance for Democracy, Benson has drafted an amendment to the state corporate code called the "Corporate 3 Strikes Act." The bill would require the state's attorney general to go to court and take steps to revoke the charter of any corporation that commits three major violations in 10 years.
The citizens of every state, acting through their attorney general, have, and have always had, the legal authority to go to court to revoke the charters of corporations that violate the law. This means that lawbreaking corporations can be dissolved, put out of business, their assets sold to others under a judge's order that will protect jobs, the environment and the public interest.
Judicial dissolution, sometimes called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist. A "corporate death penalty” is the revocation of a corporation's charter for significant harm to society.
But to a growing number of activists, lawyers and scholars, "revoking corporate charters" means doing something much more significant: dismantling harm-inducing corporations by revoking their right to exist.
If your business is in default or gets revoked, it may face some stiff penalties and fines. Sometimes, these penalties can accumulate to a point where it may be easier to just cut your losses and start a new entity.Feb 22, 2018
For the purposes of this article, when we say a license has been “revoked” it means taken away permanently. The state of California only does this for the most serious DUI charges and some repeat offenders.