New Jersey Statutes 15A:10-9. Acquisition of shares or assets
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Terms Used In New Jersey Statutes 15A:10-9
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Nothing contained in this chapter shall limit the right of any corporation to acquire all or some of the shares or the assets of another domestic corporation, foreign corporation or corporate entity. The certificate of incorporation or bylaws may contain provisions which restrict or limit a corporation as to the acquisition of shares or assets.
L.1983, c. 127, s. 15A:10-9, eff. Oct. 1, 1983.