N.J.S.A. 40:55D-48.4 — Concealing ownership interest; fine

40:55D-48.4. Concealing ownership interest; fine Any corporation or partnership which conceals the names of the stockholders owning 10% or more of its stock, or of the individual partners owning a 10% or greater interest in the partnership, as the case may be, shall be subject to a fine of $1,000.00 to $10,000.00 which shall be recovered in the name of the municipality in any court of record in the State in a summary manner pursuant to "The Penalty Enforcement Law" (N.J.S. 2A:58-1 et seq.). L.1977, c. 336, s. 4, eff. Jan. 24, 1978.

This is the verbatim text of N.J.S.A. 40:55D-48.4, 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.