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Code · New Jersey · Title 17 — Notice and Publication · Chapter 9A

17:9A-144. Effect of stockholder's failure to act

52 words·~1 min read·/nj/title-17/chapter-9a/17-9a-144

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A stockholder who fails to act pursuant to sections 140 or 141 shall be forever barred from bringing any action to enforce his right to be paid the value of his shares in lieu of continuing his status as a stockholder in the receiving bank.
L.1948, c. 67, p. 287, s. 144.
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