N.J.S.A. 14A:17-12

Transfer of shares

14A:17-12. Transfer of shares No shareholder of a professional corporation may transfer his shares in such corporation except to the corporation or to another individual who is eligible to be a shareholder of such corporation. L.1969, c. 232, s. 12, eff. Dec. 16, 1969.

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This is the verbatim text of N.J.S.A. 14A:17-12, 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.