New Jersey Statutes 15A:1-8. Repeal of prior acts
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 15A:1-8
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The repeal by this act of the whole or any part of any act under which there was organized any corporation in existence on the effective date of this act, shall not dissolve the corporation, and the corporation, its officers, trustees and members shall have the same rights, and shall be subject to the same limitations, restrictions, liabilities and penalties as those prescribed by this act for corporations organized under this act, their officers, trustees and members.
L.1983, c. 127, s. 15A:1-8, eff. Oct. 1, 1983.