55:19-8. Joint ventures
86 words·~1 min read·
/nj/title-55/chapter-19/55-19-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The corporation, or any subsidiary, may enter into agreements with any individual, partnership, trust, association or corporation, or any public agency, under which the corporation or subsidiary and such other entity or entities shall undertake a project as a joint venture, with the corporation or subsidiary providing such financial assistance, through loans, grants or the acquisition of an ownership interest in the project, and such technical or managerial assistance or advice, as the agreement may provide.
L. 1985, c. 227, s. 8, eff. July 8, 1986.