{"data":{"id":"us-nj/n.j.-stat.-34-17-16","jurisdiction":"us-nj","citation":"N.J. Stat. § 34:17-16","heading":"Contribution by stockholder","body":"When the whole capital of such society has not been paid in, and its assets  are insufficient for the payment of its debts, liabilities and obligations,  each stockholder shall be bound to pay on each share held by him the sum  necessary to complete the amount of such share, as fixed in the certificate of  association, or such proportion as shall be required to satisfy such debts,  liabilities and obligations.\nNo such contribution shall be required from any person after the expiration  of one year from the time he has ceased to be a member, or for any debt,  liability or obligation contracted after he has ceased to be a member of such  society.","path":["TITLE 34 LABOR AND WORKMEN'S COMPENSATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"75c0b499e357c43df2b81c0783f03376a5548acbde54091f2cf5323aca5201e3","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-34-17-15","next":"us-nj/n.j.-stat.-34-17-17"},"notice":"GroundRules: Original legal text. Not legal advice."}