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Terms Used In New Jersey Statutes 17:9A-87

  • 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.
If shares of the capital stock of a bank are registered in the name of a corporation, such corporation may vote such shares by a proxy signed by its president or by any vice-president, or signed in such other manner as shall be determined by its board of directors or other governing body.

L.1948, c. 67, p. 258, s. 87. Amended by L.1949, c. 55, p. 352, s. 1.