17:12B-230. Continuation of corporate existence
43 words·~1 min read·
/nj/title-17/chapter-12b/17-12b-230·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
After dissolution, an association shall continue to be a body corporate and retain title to all its real and personal property for the purpose of liquidation but not for the transaction of further business as a going concern.
L.1963, c. 144, s. 230.