New Jersey Statutes 17:12B-258. Reports to stockholders
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Terms Used In New Jersey Statutes 17:12B-258
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Every capital stock association shall make available to its stockholders annually, a report of its financial condition as of the end of the fiscal year, either
a. By mailing to each stockholder of record a statement of assets and liabilities, and a statement of operations; or
b. By publishing a statement of its assets and liabilities at least once in a newspaper published or circulating in the municipality in which the principal office of the capital stock association is located and by furnishing to any stockholder upon request, a statement of assets and liabilities, and a statement of operations; or
c. By reporting in such manner and form as may be required by regulations promulgated by the commissioner.
L.1974, c. 137, s. 29, eff. Oct. 23, 1974.