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