New Jersey Statutes 3B:20-31. Transfer of ownership in securities deposited
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Terms Used In New Jersey Statutes 3B:20-31
- 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.
Ownership of, and other interests in, securities deposited may be transferred by bookkeeping entry on the books of the clearing corporation without physical delivery of certificates representing the securities.
L.1981, c. 405, s. 3B:20-31, eff. May 1, 1982.