New Jersey Statutes 16:16-8. Dissolution not caused by failure of succession of trustees
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Terms Used In New Jersey Statutes 16:16-8
- 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.
Any corporation created under or by virtue of the provisions of this article shall not be dissolved by failure to continue the succession of the trustees thereof at any time specified for the election of such trustees.