Search Rutgers Law Library N.J. Court Opinions

1 Railway Avenue Properties LLC, v. Paterson City -- rank: 1000

... Jersey, Inc., the taxpayer, a New Jersey corporation, incorporated under N.J.S.A. 15A:2-1 to -12, and was organized for the purpose of â ... formal compliance with the provisions of Title 15A (Title 15) (N.J.S.A. 15A:2-1 to -12) and an exclusive purpose which fits within the ... comply with New Jersey’s formal statutory organizational requirements. See N.J.S.A. 15A:2-1 to -12. Conversely, if the entity has elected an alternate ...

docket:	014599-15
court:	NJ Tax Court
decided:	2018-09-04
status:	Unpublished
citation:
Document Size:	88023

2 STEVEN BREITMAN v. ATLANTIS YACHT CLUB -- rank: 945

... Atlantis Yacht Club ('the Club'), a nonprofit organization formed under N.J.S.A. 15A-2.1. His membership payment was memorialized in what is termed a ... member of 'income or profit' disallowed for nonprofit corporations under N.J.S.A. 15A:2-1.2 For the reasons that follow, we affirm the trial ... other than for pecuniary profit including . . . social [and] fraternal . . . purposes.' N.J.S.A. 15A:2-1(a) 3 The Senate Judiciary Committee Statement concerning the Act ... to be a dividend or distribution of income or profit. [ N.J.S.A. 15A:2-1(d) (emphasis added).] A- 0557-22 5 Subsection (d) was ... S. 15:1-1 and R.S. 15:1-22.' N.J.S.A. 15A:2-1, Nonprofit L. Rev. Comm. note. The Act does not define ... shares,' 'dividend,' 'income,' or 'profit' as they are used within N.J.S.A. 15A:2-1(d). As clarified by its arguments on appeal, the ...

docket:	a0557-22
court:	NJ Superior Court Appellate Division
decided:	2023-10-27
status:	Published
citation:
Document Size:	25217