There is a newer version of the New Jersey Revised Statutes
2013 New Jersey Revised Statutes
Title 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:12B-230 - Continuation of corporate existence
NJ Rev Stat § 17:12B-230 (2013) What's This?
17:12B-230. Continuation of corporate existence
After dissolution, an association shall continue to be a body corporate and retain title to all its real and personal property for the purpose of liquidation but not for the transaction of further business as a going concern.
L.1963, c. 144, s. 230.
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