N.J.S.A. 16:12-31

Dividends

16:12-31. Dividends The corporation shall pay ratably among the holders of shares or interests then outstanding, annually, or, in the discretion of said trustees, more frequently, dividends which shall approximately equal in each fiscal year, the net income of the trust, after establishing such reserves as they may deem advisable. L.1944, c. 139, p. 373, s. 6.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 16:12-31, 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.

N.J.S.A. 16:12-31 — Dividends | Kyzer