New Jersey Statutes 14A:12-8. Effective time of dissolution
Terms Used In New Jersey Statutes 14A:12-8
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
A corporation is dissolved
(a) when the period of duration stated in the corporation’s certificate of incorporation expires and the corporation files a certificate of dissolution in the office of the Secretary of State pursuant to section 14A:12-5.1; or
(b) upon the proclamation of the Secretary of State issued pursuant to section 54:11-2 of the Revised Statutes; or
(c) when a certificate of dissolution is filed in the office of the Secretary of State pursuant to section 14A:12-2, 14A:12-3, 14A:12-4 or 14A:12-5, except when a later time not to exceed 90 days after the date of filing is specified in the certificate of dissolution; or
(d) when a judgment of forfeiture of corporate franchises or of dissolution is entered by a court of competent jurisdiction.
L.1968, c.350; amended 1973,c.366,s.68; 1995,c.279,s.20.