Terms Used In New Jersey Statutes 54:50-19

  • 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.
Section 12 of the Corporation Business Tax Act (C. 54:10A-12) and R.S. 54:50-11 are repealed.

L.1973, c. 367, s. 8, eff. Jan. 7, 1974.

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