There is a newer version of the New Jersey Revised Statutes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-252 - Liability of stockholders
NJ Rev Stat § 17:12B-252 (2013) What's This?
17:12B-252. Liability of stockholders
Stockholders, after their stock has been fully paid, are not liable to creditors or for assessments upon their stock. Stock shall be considered fully paid when the consideration for the issuance of any shares of capital stock has been paid, in whole, in cash.
L.1974, c. 137, s. 23, eff. Oct. 23, 1974.
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