New Jersey § 14a:7-4
Full text of New Jersey New Jersey Statutes § 14a:7-4, with citation guidance and answers to common questions.
§ 14a:7-4.
(1) Subject to any restriction contained in the certificate of incorporation, shares may be issued for such consideration as shall be fixed from time to time by the board or as shall be determined in accordance with a general formula or at not less than
such minimum consideration as the board shall authorize . (2) The shareholders may reserve in the certificate of incorporation the right to fix the consideration to be received for shares . If such right is reserved as to any shares, the shareholders shall either fix the
consideration to be received for such shares or authorize the board to fix such consideration. (3) (Deleted by amendment, P.L. 1988, c. 94 .) (4) (Deleted by amendment, P.L. 1988, c. 94 .) (5) (Deleted by amendment, P.L. 1988, c. 94 .) (6) A good faith judgment of the board of directors or the shareholders, as the case may
be, as to the value of the consideration is conclusive .
Frequently Asked Questions About New Jersey § 14a:7-4
What does New Jersey Statutes § 14a:7-4 cover?
Section 14a:7-4 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 14a:7-4?
A common citation format is "New Jersey Statutes § 14a:7-4" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 14a:7-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.