New Jersey Statutes 15A:12-14. Effective time of dissolution
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Terms Used In New Jersey Statutes 15A:12-14
- 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. Upon the proclamation of the Secretary of State issued pursuant to subsection c. of section 15A:4-5; or
b. When an original and a copy of a certificate of dissolution is filed in the office of the Secretary of State pursuant to section 15A:12-2, 15A:12-7, or 15A:12-10, except when a later time not to exceed 30 days after the date of filing is specified in the certificate of dissolution; or
c. When a judgment of forfeiture of corporate existence or of dissolution is entered by a court of competent jurisdiction.
L.1983, c. 127, s. 15A:12-14, eff. Oct. 1, 1983.