17:52-20. Limitations on indebtedness
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/nj/title-17/chapter-52/17-52-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No business development corporation shall voluntarily incur any liability or indebtedness at any time when the incurring of any such liability or indebtedness will exceed 10 times its paid-in capital stock, or $10,000,000.00, whichever is the greater.
L.1957, c. 218, p. 761, s. 20.