State Codes and Statutes

Statutes > New-jersey > Title-14a > Section-14a-1 > 14a-1-7

14A:1-7.  Repeal of prior acts
    The repeal by this act of the whole or any part of any act under which there  was organized any corporation in existence on the effective date of this act,  shall not work a dissolution of such corporation, but such corporation, its  officers, directors and shareholders shall have the same rights, and shall be  subject to the same limitations, restrictions, liabilities and penalties as  those prescribed by this act for corporations organized under this act, their  officers, directors and shareholders.
 
L.1968, c.350.