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Code · New Jersey · Title 55 — Fiduciaries and Trusts · Chapter 19

55:19-10. Subsidiary stock issuance

43 words·~1 min read·/nj/title-55/chapter-19/55-19-10

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

Any subsidiary, upon authorization by the corporation, may issue its stock and employ the proceeds of such sales for capital investment in, or other expenses in connection with, the projects of the subsidiary.
L. 1985, c. 227, s. 10, eff. July 8, 1986.
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