Terms Used In New Jersey Statutes 17:14A-1

  • 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.
  • Personal property: All property that is not real property.
  • Personal property: includes goods and chattels, rights and credits, moneys and effects, evidences of debt, choses in action and all written instruments by which any right to, interest in, or lien or encumbrance upon, property or any debt or financial obligation is created, acknowledged, evidenced, transferred, discharged or defeated, in whole or in part, and everything except real property as herein defined which may be the subject of ownership. See New Jersey Statutes 1:1-2
As used in this chapter:

a. “Commissioner” means the Commissioner of Banking of New Jersey;

b. “Department” means the Department of Banking of New Jersey;

c. “Safe Deposit Company” means a corporation organized for the purpose of keeping, maintaining and renting for hire safe deposit boxes for the safekeeping of personal property;

d. “Safe deposit box” means a receptacle for the safekeeping of personal property;

e. “Lessor” means a safe deposit company;

f. “Safe” means a place for the storage and safekeeping of personal property;

g. “Vault” means a room or compartment that is designed for the storage and safekeeping of personal property, including safes and safe deposit boxes and having a size and shape which permits entrance and movement within by one or more persons.

L.1983, c. 566, s. 17:14A-1

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