40:55D-48.4 - Concealing ownership interest;Ā fine
40:55D-48.4.Ā Concealing ownership interest;Ā fine
Any corporation or partnership which conceals the names of the stockholdersĀ owning 10% or more of its stock, or of the individual partners owning a 10% orĀ greater interest in the partnership, as the case may be, shall be subject to aĀ fine of $1,000.00 to $10,000.00 which shall be recovered in the name of theĀ municipality in any court of record in the State in a summary manner pursuantĀ toĀ "The Penalty Enforcement Law" (N.J.S. 2A:58-1 et seq.).
L.1977, c. 336, s. 4, eff. Jan. 24, 1978.
Any corporation or partnership which conceals the names of the stockholdersĀ owning 10% or more of its stock, or of the individual partners owning a 10% orĀ greater interest in the partnership, as the case may be, shall be subject to aĀ fine of $1,000.00 to $10,000.00 which shall be recovered in the name of theĀ municipality in any court of record in the State in a summary manner pursuantĀ toĀ "The Penalty Enforcement Law" (N.J.S. 2A:58-1 et seq.).
L.1977, c. 336, s. 4, eff. Jan. 24, 1978.