New Jersey Statutes 15A:1-3. Application of act
Terms Used In New Jersey Statutes 15A:1-3
- 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.
- 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
(1) every corporation which is organized under this act;
(2) every corporation without capital stock which was organized under or became subject to any heretofore enacted law of this State with respect to which power to amend or repeal was reserved to the Legislature, and which provided for the organization of a corporation or corporations for a purpose or purposes for which a corporation may be organized under this act;
(3) every corporation which reincorporates under this act pursuant to section 15A:1-4; and
(4) foreign corporations to the extent provided in this act.
b. Chapters 12 (dissolution) and 14 (insolvency, receivers, and reorganization) of this act shall apply to any corporation organized under any provision of Title 16 of the Revised Statutes except as otherwise provided by any law of this State.
L.1983, c. 127, s. 15A:1-3, eff. Oct. 1, 1983.