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2019 New Jersey Revised Statutes
Title 40 - Municipalities and Counties
Section 40:55D-48.4 - Concealing ownership interest; fine
Universal Citation: NJ Rev Stat § 40:55D-48.4 (2019)
40:55D-48.4. Concealing ownership interest; fine
Any corporation or partnership which conceals the names of the stockholders owning 10% or more of its stock, or of the individual partners owning a 10% or greater interest in the partnership, as the case may be, shall be subject to a fine of $1,000.00 to $10,000.00 which shall be recovered in the name of the municipality in any court of record in the State in a summary manner pursuant to "The Penalty Enforcement Law" (N.J.S. 2A:58-1 et seq.).
L.1977, c. 336, s. 4, eff. Jan. 24, 1978.
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