New Jersey § 42:3-2
Full text of New Jersey New Jersey Statutes § 42:3-2, with citation guidance and answers to common questions.
§ 42:3-2.
The persons desiring to amend the statement of the association shall a. Sign and acknowledge before some officer competent to take acknowledgment of deeds,
a statement in writing which shall set forth: I. The full names of such persons; II. The amount of capital of the association subscribed for by each; III. The character of the subscription, and if in property other than cash, the description
and valuation of such property; IV. The total amount of capital and when and how to be paid; V. The character of the business to be conducted and the location of the same; VI. The name of the association with the word “limited” added thereto as part of same; VII. The contemplated duration of the association, which shall not, in any case, exceed
20 years; and VIII. The names of the officers of the association selected in conformity with the
provisions of this article. b. The amended statement shall be recorded in the office of the clerk of the county
in which the principal place of business of the association shall be located. c. (Deleted by amendment, P.L. 1988, c. 130 .)
Frequently Asked Questions About New Jersey § 42:3-2
What does New Jersey Statutes § 42:3-2 cover?
Section 42:3-2 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 § 42:3-2?
A common citation format is "New Jersey Statutes § 42:3-2" (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 § 42:3-2 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.