New Jersey Statutes 16:12-29. Authority to retain investments
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Terms Used In New Jersey Statutes 16:12-29
- 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 corporation is authorized to retain in its absolute discretion and for such period as to the said trustees shall seem advisable any and all investments and other properties which may be entrusted to it by any of the said trustees, parishes, congregations, societies, chapels or missions.
L.1944, c. 139, p. 373, s. 4.