State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-12b > 17-12b-25217:12B-252. Liability of stockholders
Stockholders, after their stock has been fully paid, are not liable to creditors or for assessments upon their stock. Stock shall be considered fully paid when the consideration for the issuance of any shares of capital stock has been paid, in whole, in cash.
L.1974, c. 137, s. 23, eff. Oct. 23, 1974.
