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New Jersey Statutes, Title: 14A, CORPORATIONS, GENERAL
Chapter 7: Authorized shares
Section: 14A:7-10: Expenses of organization, reorganization and financing
The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by such corporation out of the consideration received by it in payment for its shares without thereby rendering such shares assessable or not fully paid.
L.1968, c.350.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 14a:7-10 (if available):
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