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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 52: Business development corporations; purposes
Section: 17:52-20: Limitations on indebtedness
No business development corporation shall voluntarily incur any liability or indebtedness at any time when the incurring of any such liability or indebtedness will exceed 10 times its paid-in capital stock, or $10,000,000.00, whichever is the greater.
L.1957, c. 218, p. 761, s. 20.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:52-20 (if available):
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