N.J.S.A. 14A:7-10

Expenses of organization, reorganization and financing

14A:7-10. Expenses of organization, reorganization and financing The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by such corporation out of the consideration received by it in payment for its shares without thereby rendering such shares assessable or not fully paid. L.1968, c.350.

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This is the verbatim text of N.J.S.A. 14A:7-10, 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.