Section 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.