New Jersey Statutes 52:18A-89.7. Encouragement of adherence by corporations
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Terms Used In New Jersey Statutes 52:18A-89.7
- 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.
- Fiduciary: A trustee, executor, or administrator.
The director shall, where necessary, appropriate, and consistent with prudent standards for fiduciary practice, initiate and support shareholder petitions or initiatives requiring adherence by the corporation to the standards set forth in section 2 of this act.
L. 1987, c. 177, s. 4.