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New Jersey Statutes, Title: 14A, CORPORATIONS, GENERAL
Chapter 12: Methods of dissolution
Section: 14A:12-16: Distribution to shareholders
Any assets remaining after payment of or provision for claims against the corporation shall be distributed among the shareholders according to their respective rights and interests. Distribution may be made in either or both cash and kind.
L.1968, c.350; amended by L.1969, c. 102, s. 15.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 14a:12-16 (if available):
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