Title 14A, Title 14A: CORPORATIONS, GENERAL

14A:7-13. Issuance of fractional shares or scrip Unless otherwise provided in its certificate of incorporation, a corporation may, but shall not be obliged to, issue fractions of a share and certificates therefor. By action of its board, a corporation may, in lieu of issuing frac…

14A:7-14.1. Limitations on distributions to shareholders (1) "Distribution" means a direct or indirect transfer of money or other property (except its own shares) or incurrence of indebtedness by a corporation to or for the benefit of its shareholders in respect of any of its sha…

14A:7-15. Authority to pay dividends (1) Subject to any restrictions contained in the certificate of incorporation and to the provisions of section 14A:7-14.1, a corporation may, from time to time, by resolution of its board, pay dividends on its shares in cash, in its own shares…

14A:7-15.1. Share dividends, share divisions and combinations 14A:7-15.1. Share dividends, share divisions and combinations. (1) A corporation may effect a share dividend or a division or combination of its shares in the manner hereinafter set forth. As used in this section, the …

14A:7-16. Acquisitions of a corporation's own shares 14A:7-16. Acquisitions of a corporation's own shares. (1) Subject to the provisions of section 14A:7-14.1, a corporation may acquire its own shares. (2) (Deleted by amendment, P.L.1988, c.94.) (3) (Deleted by amendment, P.L.198…

14A:7-18. Cancellation of reacquired shares 14A:7-18. Cancellation of reacquired shares. (1) When shares of a corporation are reacquired by purchase, by redemption or by their conversion into other shares of the corporation, the reacquisition shall effect their cancellation, unle…

14A:7-2. Issuance of shares in classes and series; board action (1) The division of shares into classes and into series within any class or classes, the determination of the designation and the number of shares of any class or series, the determination of the relative rights, pre…

14A:7-3 Subscription for shares. 14A:7-3. Subscription for shares. (1) Unless otherwise provided by the subscription agreement or unless all of the subscribers consent to the revocation of such subscription, a subscription for shares of a corporation to be formed shall be irrevoc…

14A:7-4. Consideration for shares (1) Subject to any restriction contained in the certificate of incorporation, shares may be issued for such consideration as shall be fixed from time to time by the board or as shall be determined in accordance with a general formula or at not le…

14A:7-5. Payment for shares; nonassessability (1) Subject to any restrictions contained in the certificate of incorporation, the consideration for the issuance of shares may be paid, in whole or in part, in: (a) money, (b) real property,(c) tangible or intangible personal propert…

14A:7-6. Redeemable shares (1) A corporation may provide in its certificate of incorporation for one or more classes or series of shares which are redeemable, in whole or in part, at the option of the corporation in cash, its bonds or other property, at such price or prices, with…

14A:7-7. Share rights and options 14A:7-7. Share rights and options. (1) Subject to any provisions in respect thereof set forth in its certificate of incorporation in effect before the authorization and issuance of the rights or options, a corporation may create and issue, whethe…

14A:7-8.1. Par value of shares and stated capital. (1) Unless otherwise provided in the certificate of incorporation, all shares shall have no par value and no stated capital shall be required to be maintained. (2) A corporation in its certificate of incorporation may specify a p…

14A:7-9. Convertible shares and bonds. (1) When so provided in its certificate of incorporation, a corporation may issue shares of any class or series convertible, at the option of the holder or of the corporation or both, into shares of any other class or classes or of any serie…