§ 104 — Corporate instruments; inquiry by board

§ 104. Corporate instruments; inquiry by board. Whenever any corporate\ninstrument is submitted to the board for approval in accordance with the\nrequirements of any statute, the board shall make such inquiry as it may\ndeem advisable, and shall order a hearing, if necessary, in accordance\nwith such rules as it shall prescribe, to determine whether or not the\npurposes of the proposed corporation are in all respects consistent with\npublic policy and the labor law, and whether the corporate name is in\nall respects consistent with its purposes and activities or tends to be\nmisleading. Notice of the time and place of such hearing shall be given\nto the applicant and to such other persons as the board may determine.\n