State Codes and Statutes
Statutes > New-jersey > Title-55 > Section-55-19 > 55-19-1055:19-10. Subsidiary stock issuance
Any subsidiary, upon authorization by the corporation, may issue its stock and employ the proceeds of such sales for capital investment in, or other expenses in connection with, the projects of the subsidiary.
L. 1985, c. 227, s. 10, eff. July 8, 1986.
