5:12-47.2. "Transfer"
93 words·~1 min read·
/nj/title-5/chapter-12/5-12-47-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
"Transfer" --The sale and every other method, direct or indirect, of disposing of or parting with property or with an interest therein, or with the possession thereof, or of fixing a lien upon property or upon an interest therein, absolutely or conditionally, voluntarily or involuntarily, by or without judicial proceedings, as a conveyance, sale, payment, pledge, mortgage, lien, encumbrance, gift, security or otherwise; the retention of a security interest in property delivered to a corporation shall be deemed a transfer suffered by such corporation.
L.1978, c. 7, s. 12, eff. March 17, 1978.