New Jersey Statutes 17:3A-6. Presumption as to prior law
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Terms Used In New Jersey Statutes 17:3A-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.
No presumption shall be drawn from the enactment of this act that, prior to its passage, liquidators were without power or authority to destroy the records, documents and other papers of a corporation or those relating to its liquidation.
L.1948, c. 266, p. 1158, s. 6.