New Jersey Statutes 52:18B-12. Immunity from personal liability
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Terms Used In New Jersey Statutes 52:18B-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.
12. Neither any member of the corporation nor any officer, employee or agent of the corporation, while acting within the scope of his or her authority, shall be subject to any personal liability resulting from exercising or carrying out of any of the corporation’s purposes or powers.
L.2002,c.32,s.12.