New Jersey Statutes 17:12B-209. Notice of dispute; limitation of action
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Terms Used In New Jersey Statutes 17:12B-209
- 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.
If the corporation disputes all or any part of any claim which is duly presented to it, and gives written notice of such dispute to the claimant, his attorney, or agent, such claimant shall institute an action thereon within 30 days from the receipt of such notice or his claim shall thereafter be barred.
L.1963, c. 144, s. 209.