N.J.S.A. 28:2-10 — Assignment or transfer of stock; unclaimed stock forfeited to association

28:2-10. Assignment or transfer of stock; unclaimed stock forfeited to association No certificate of stock issued by the Washington Association shall be assignable or transferable to any person unless the board of trustees shall give its express approval and consent to such transfer. When no request for transfer has been received within 10 years from the date of death of a stockholder, the share or shares of stock for which no request for transfer has been received shall be deemed forfeited, waived and surrendered to the association and become its property. Amended by L.1946, c. 127, p. 606, s. 1; L.1964, c. 151, s. 2.

This is the verbatim text of N.J.S.A. 28:2-10, 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.