New Jersey Statutes 55:19-19. Project initiation within one year
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Terms Used In New Jersey Statutes 55:19-19
- 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 first projects under this act shall be initiated not later than one year from the date on which, following the appointment of its citizen members pursuant to the provisions of section 4 of this act, the board of directors shall organize the corporation.
L. 1985, c. 227, s. 18, eff. July 8, 1985.