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Code · New Jersey · Title 14A — Corporations, General · Chapter 12

14A:12-16. Distribution to shareholders

46 words·~1 min read·/nj/title-14a/chapter-12/14a-12-16·

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Any assets remaining after payment of or provision for claims against the corporation shall be distributed among the shareholders according to their respective rights and interests. Distribution may be made in either or both cash and kind.
L.1968, c.350; amended by L.1969, c. 102, s. 15.
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