New Jersey § 12a:8-103
Full text of New Jersey New Jersey Statutes § 12a:8-103, with citation guidance and answers to common questions.
§ 12a:8-103.
a. A share or similar equity interest issued by a corporation, business trust, joint
stock company, or similar entity is a security. b. An “ investment company security ” is a security. “ Investment company security ” means a share or similar equity interest issued by an entity that is registered
as an investment company under the federal investment company laws, an interest in
a unit investment trust that is so registered, or a face-amount certificate issued
by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy
or annuity contract issued by an insurance company. c. An interest in a partnership or limited liability company is not a security unless
it is dealt in or traded on securities exchanges or in securities markets, its terms
expressly provide that it is a security governed by this chapter, or it is an investment
company security. However, an interest in a partnership or limited liability company is a financial
asset if it is held in a securities account. d. A writing that is a security certificate is governed by this chapter and not by
chapter 3, even though it also meets the requirements of that chapter. However, a negotiable instrument governed by chapter 3 is a financial asset if it
is held in a securities account. e. An option or similar obligation issued by a clearing corporation to its participants
is not a security, but is a financial asset. f. A commodity contract, as defined in 12A:9-102 (a) (15), is not a security or a
financial asset. g. A document of title is not a financial asset unless 12A:8-102(a)(9)(c) applies.
Frequently Asked Questions About New Jersey § 12a:8-103
What does New Jersey Statutes § 12a:8-103 cover?
Section 12a:8-103 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 § 12a:8-103?
A common citation format is "New Jersey Statutes § 12a:8-103" (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 § 12a:8-103 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.