New Jersey Statutes 27:25-5.2. Certificates; rules
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Terms Used In New Jersey Statutes 27:25-5.2
- 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.
The governing board of the corporation shall issue a certificate in card form to those retired railroad employees determined to be eligible pursuant to section 1 of this act. The corporation shall promulgate rules concerning the distribution and use of the certificate.
L. 1986, c. 93, s. 2, eff. Nov. 1, 1986.