N.J.S.A. 14A:12-16

Distribution to shareholders

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.

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This is the verbatim text of N.J.S.A. 14A:12-16, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.