Title 15, Title 15: CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT

15:5-11. Improvement of islands and protection thereof against tides by owners L.1881, c. 146, p. 177 (C.S. pp. 3060 to 3064, s.s. 35 to 48), entitled "An act to enable the owners of any island, or part thereof, to improve the same and to protect the same from damage by high tide…

15:5-2. Limitation of assessments for drainage All assessments on lands authorized to be made for the costs and expenses of the drainage of wet or overflowed lands by a commissioner or commissioners appointed by any court, or justice or judge thereof, under any general or special…

15:5-3. Overflow by tide or filling in of lands within bounds of any meadow company; expenses The owners and possessors of lands contained within the bounds of a meadow company, organized under any special or general law of this state prior to March twenty-fourth, one thousand ni…

15:5-4. Submission to owners of propositions of overflow and filling in The proposition to subject said lands to overflow by the tide, and to control the overflow, or to cause the lands to be filled in, may be submitted to the owners of these lands at any annual or special meetin…

15:5-5. Proposition receiving majority of votes to be carried out At the annual or special meeting so called the question of overflowing the meadow lands of the company and the control of the overflow or of filling in the same may be submitted. If more than one-half of all the vo…

15:5-6. Proceedings if lands to be overflowed or filled in abut on lands of other meadow company 15:5-6. If the lands of a meadow company taking advantage of sections 15:5-3 to 15:5-7 abut on the lands of another meadow company, and it shall be necessary to erect a cross bank to …

15:5-7. Expenses of filling in; limitation, assessment and payment thereof The expenses incident to the filling in of the meadows shall not exceed ten per cent of the value of the meadow lands within the bounds of a meadow company taking advantage of sections 15:5-3 to 15:5-7 of …

15:5-8. Improvement and protection of tide marshes and swamps by companies organized by owners therefor Rev.1877, pp. 642 to 646, s.s. 1 to 21 (C.S. pp. 3241 to 3248, s.s. 1 to 21), entitled "An act to enable the owners of the tide swamps and marshes, to improve the same, and the…

15:5-9. Improvement and protection of tide marshes and swamps, not exceeding two hundred acres in area L.1880, c. 163, p. 240 (C.S. pp. 3256 to 3260, s.s. 53 to 64), entitled "An act for incorporation of companies for draining and improving meadows and lands overflowed by tide wa…

15:8-1.1. Arsonists ineligible to be fire fighters a. A person who is convicted of a violation of subsections a., b., c. or d. of N.J.S. 2C:17-1, concerning arson and arson related offenses, is ineligible for membership in a volunteer fire company. b. A person who is convicted of…

15:8-4. Appointment of members of volunteer fire company for police duty, certain circumstances 15:8-4. Any duly organized volunteer fire company may provide for the appointment of certain of its members to perform certain police duties at fires and fire drills, for a term of off…

15:8-5. Exempt certificates issued to certain members on disbandment Whenever a municipality shall disband any fire, hose, truck or hook and ladder company by reason of establishing a paid fire department, the members in good standing on the rolls of the company, who have served …

15:8-7. Disposition of accumulated fire department fund on expiration of charter When the volunteer fire department in any city has accumulated or shall accumulate a fire department fund for the benefit of said departments, such funds, on the expiration of the charters of said de…

15:11-4.1. Increase of trustees of college or university created by special charter Any college or university in this State created by special charter which limits the number of members on the board of trustees and restricts membership to members of a religious order or community…

15:11-7. Acquisition of additional land by trustees of educational corporation The board of trustees of any corporation created by any law of this state for educational purposes and owning and maintaining grounds open to the public for park or recreation purposes shall have power…

15:11-8. Power to acquire land by condemnation When the board of trustees shall deem it desirable to acquire any lands as described in section 15:11-7 of this title, and cannot agree with the owners of the land as to price or terms of the purchase; or when by the incapacity or ab…

15:13-3. Taxation The property of any such patriotic society shall be taxed as if the property of an individual, and no franchise or other tax than as above shall be assessed upon any such society or its property, stock or bonds.

15:18-25 Short title. 1. This act shall be known and may be cited as the "Uniform Prudent Management of Institutional Funds Act." L.2009, c.64, s.1.

15:18-26 Definitions relative to funds held by charitable institutions. 2. As used in this act: "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose, the …

15:18-27 Consideration of purpose of charitable institution, fund. 3. a. Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of…

15:18-28 Accumulation of expenditures from endowment fund. 4. a. Subject to the intent of a donor expressed in the applicable gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for th…

15:18-29 Delegation of management, investment of institutional fund to external agent. 5. a. Subject to any specific limitation set forth in a gift instrument or in law other than this act, an institution may delegate to an external agent the management and investment of an insti…

15:18-30 Release of restriction contained in gift instrument. 6. a. If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment, or purpose of an institutional fund, so lo…

15:18-31 Compliance. 7. Compliance with this act shall be determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight. L.2009, c.64, s.7.

15:18-32 Inapplicability of act. 8. This act shall apply to institutional funds existing on or established after the effective date of this act. As applied to institutional funds existing on the effective date of this act, this act governs only decisions made or actions taken on …

15:18-33 Modifications, limits, supersedure. 9. This act modifies, limits, and supersedes the "Electronic Signatures in Global and National Commerce Act," Pub.L.106-229 (15 U.S.C. s.7001 et seq.), but does not modify, limit, or supersede Section 101(a) of that act (15 U.S.C. s.70…

15:18-34 Application, construction of act. 10. This act shall be so applied and construed as to effectuate its general purpose to make uniform the law with respect to the subject of this act among the states which enact it. L.2009, c.64, s.10.

15:19-1. Definitions As used in this act: (a) "code" means the Internal Revenue Code of 1954 as amended; (b) "private foundation trust" means a charitable trust administered by a corporation as herein defined, and which is a private foundation described in section 509(a) of the c…

15:19-2. Certificates of incorporation; contents Notwithstanding any provision to the contrary contained in any law of this State and except as otherwise provided in section 3 of this act, the certificate of incorporation of every corporation as herein defined, shall be deemed to…

15:19-3. Certificate of incorporation; exclusion of provision by amendment The governing body of any corporation as herein defined may, without judicial proceedings, amend its certificate of incorporation to expressly exclude the provisions of section 2 of this act, by executing …

15:19-4. Construction of act to qualify for maximum tax exemptions This act shall be so construed as to enable split-interest trusts and private foundation trusts to qualify for the maximum tax exemptions available to such trusts under the provisions of the Internal Revenue Code …

15:19-5. Act not to impair power of courts and attorney general Nothing in this act shall impair the power conferred by law upon the courts or the Attorney General of this State with respect to any corporation subject to the provisions of this act. L.1971, c. 337, s. 5, eff. Dec.…

15:19-6. Effective date; application to corporations This act shall take effect immediately, and shall apply to all corporations as described in section 2 hereof, whether organized before or after the effective date of this act. L.1971, c. 337, s. 6, eff. Dec. 13, 1971.