New Jersey Statutes 3B:20-27. Definitions
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Terms Used In New Jersey Statutes 3B:20-27
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
3B:20-27. Definitions. As used in this article:
a. (Deleted by amendment, P.L.1997, c.26).
b. “Securities” means instruments which are commonly dealt with on securities exchanges or markets or commonly recognized in any area in which they are issued or dealt with as a medium for investment, and which are subject to the provisions of chapter 8, “Uniform Commercial Code-Investment Securities” (chapter 8, Title 12A of the New Jersey Statutes);
c. “Clearing corporation” means a corporation as defined in N.J.S. 12A:8-102
Amended 1997, c.26, s.22.