Back to Statutes By Title
Title: CORPORATIONS, NONPROFIT
Section: Acquisition of shares or assets
Statute: 15A:10-9
Statute Text
Nothing contained in this chapter shall limit the right of any corporation to acquire all or some of the shares or the assets of another domestic corporation, foreign corporation or corporate entity. The certificate of incorporation or bylaws may contain provisions which restrict or limit a corporation as to the acquisition of shares or assets.
L.1983, c. 127, s. 15A:10-9, eff. Oct. 1, 1983.
The statute data presented on this website was last updated April 10, 2011. For up to date statutes and other legislation articles consult the NJ legislation website at http://www.njleg.state.nj.us. Sammarro & Zalarick cannot be held responsible for any errors or discrepancies in the statute data presented on this website.