New Jersey Statutes 16:2-6. Organization for business; president
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 16:2-6
- 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 board of trustees of every such corporation shall, as soon as practicable after their election, organize for business by appointing one of their number president, who shall have custody of the deeds and muniments of title of the corporate property.