New Jersey Statutes 14A:17-12. Transfer of shares
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Terms Used In New Jersey Statutes 14A:17-12
- 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.
No shareholder of a professional corporation may transfer his shares in such corporation except to the corporation or to another individual who is eligible to be a shareholder of such corporation.
L.1969, c. 232, s. 12, eff. Dec. 16, 1969.