42:3-2. Amending statement
42:3-2.Ā  The persons desiring to amend the statement of the association shall

Ā  a.Ā  Sign and acknowledge before some officer competent to take acknowledgment of deeds, a statement in writing which shall set forth:

Ā  I.Ā  The full names of such persons;

Ā  II. The amount of capital of the association subscribed for by each;

Ā  III. The character of the subscription, and if in property other than cash, the description and valuation of such property;

Ā  IV. The total amount of capital and when and how to be paid;

Ā  V.Ā  The character of the business to be conducted and the location of the same;

Ā  VI. The name of the association with the word "limited" added thereto as part of same;

Ā  VII. The contemplated duration of the association, which shall not, in any case, exceed 20 years; and

Ā  VIII.Ā  The names of the officers of the association selected in conformity with the provisions of this article.

Ā  b.Ā  The amended statement shall be recorded in the office of the clerk of the county in which the principal place of business of the association shall be located.

Ā  c.Ā  (Deleted by amendment, P.L. 1988, c. 130.)

Ā  Amended 1988,c.130,s.39.
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