N.J.S.A. 17:12B-252

Liability of stockholders

17:12B-252. Liability of stockholders Stockholders, after their stock has been fully paid, are not liable to creditors or for assessments upon their stock. Stock shall be considered fully paid when the consideration for the issuance of any shares of capital stock has been paid, in whole, in cash. L.1974, c. 137, s. 23, eff. Oct. 23, 1974.

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This is the verbatim text of N.J.S.A. 17:12B-252, 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. 17:12B-252 — Liability of stockholders | Kyzer