Rockaway Township City Zoning Code
§ 54-14.16
Disclosure of ownership required.
[Ord. No. 95-24 § 54-24]
A corporation or partnership applying to the Planning Board, Zoning Board of Adjustment or to the Township Council, as provided herein, for permission to subdivide a parcel of land into six or more lots, or applying for a variance to construct a multiple dwelling of 25 or more family units or for approval of a site to be used for commercial purposes, shall disclose the ownership of the corporation or partnership as follows:
A.
The corporation shall list the names and addresses of all stockholders or individual partners owning at least 10% of its stock of any class or at least 10% of the interest in the partnership, as the case may be.
B.
If a corporation or partnership owns 10% or more of the stock of a corporation, or 10% or greater interest in a partnership, subject to disclosure pursuant to this section, that corporation or partnership shall list the names and addresses of its stockholders holding 10% or more of its stock or of 10% or greater interest in the partnership, as the case may be, and this requirement shall be followed by every corporate stockholder or partner in a partnership, until the names and addresses of the non-corporate stockholders and individual partners exceeding the 10% ownership criterion established in this section have been listed.
C.
The Planning Board, Zoning Board of Adjustment or Township Council shall not approve any application of any corporation or partnership that does not comply with the provisions of this section.
D.
Any corporation which conceals the names of the stockholders owning 10% or more of its stock, or of the individual partners owning a 10% or greater interest in the partnership, as the case may be, shall be subject to a fine of $1,000 to $10,000 which shall be recovered in the name of the Township of Rockaway in any court of record in the State in a summary manner pursuant to "The Penalty Enforcement Law."