New Jersey Statutes 43:19-5. Bonds of trustees and officers
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Terms Used In New Jersey Statutes 43:19-5
- 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.
The trustees and all officers of the corporation shall give bonds with a duly authorized surety company as surety thereon, for the faithful performance of their duties, in such sum or sums as the corporation’s by-laws fix.