New Jersey Statutes 14:8-18. Mutual association; creation of capital stock
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Terms Used In New Jersey Statutes 14:8-18
- 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 members of any incorporated mutual association may provide for and create a capital stock of such corporation, upon the consent in writing of all the members of the corporation, and may provide for the payment of such stock, and fix and prescribe the rights and privileges of the stockholders therein.
L.1937, c. 188.