New Jersey Statutes 15A:1-2. Definitions
Terms Used In New Jersey Statutes 15A:1-2
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
a. “Act” means the “New Jersey Nonprofit Corporation Act” ;
b. “Board” means the board of trustees or the group of persons vested with management of the business and affairs of the corporation irrespective of the name by which the group is designated; “entire board” means all the trustees then in office;
c. “Bylaws” means the code of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name by which these rules are designated;
d. “Certificate of incorporation” includes:
(1) the original certificate of incorporation or any other instrument filed or issued under any statute to form a domestic or foreign corporation, as amended, supplemented or restated by certificates of amendment, merger or consolidation or by other certificates or instruments filed or issued under any statute, and
(2) a special act or charter creating a domestic or foreign corporation, as amended, supplemented or restated;
e. “Corporation” or “domestic corporation” means a nonprofit corporation incorporated under this act, or existing on its effective date and organized under any law of this State (other than laws contained in Title 16 of the Revised Statutes) for purposes for which a corporation may be organized under this act;
f. “Corporate business entity” means an organization organized under any other statute of this State or any statute of any jurisdiction other than this State pursuant to which business corporate entities may be organized;
g. “Foreign corporation” means a nonprofit corporation organized under the laws of a jurisdiction other than this State for the purposes for which a corporation may be organized under this act;
h. “Member” means a participant in a corporation having such rights or obligations therein as provided in this act;
i. “Trustee” means any member of the board of a corporation, whether designated as a trustee, director, manager, governor, or by any other title.
L.1983, c. 127, s. 15A:1-2, eff. Oct. 1, 1983.