New Jersey Statutes 17:12B-4. Determination of members’ rights and liabilities
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Terms Used In New Jersey Statutes 17:12B-4
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
The rights and liabilities of each member of an association, shall be determined by and shall be subject to the provisions of this act and all amendments thereof and supplements thereto, and to the provisions of the association’s by-laws, and all changes which shall be made in such by-laws from time to time.
L.1963, c. 144, s. 4.