GroundRules
N.J. Stat. § 17:12B-252: Liability of stockholders
Where this section sits in the code
- TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Stockholders, after their stock has been fully paid, are not liable to creditors or for assessments upon their stock. Stock shall be considered fully paid when the consideration for the issuance of any shares of capital stock has been paid, in whole, in cash.
L.1974, c. 137, s. 23, eff. Oct. 23, 1974.
Collected 2026-08-27T17:54:13Z. Source file · JSON