2013 New Jersey Revised Statutes
Title 14A - CORPORATIONS, GENERAL
Section 14A:12-16 - Distribution to shareholders


NJ Rev Stat § 14A:12-16 (2013) What's This?

14A:12-16. Distribution to shareholders
Any assets remaining after payment of or provision for claims against the corporation shall be distributed among the shareholders according to their respective rights and interests. Distribution may be made in either or both cash and kind.

L.1968, c.350; amended by L.1969, c. 102, s. 15.


Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.