New Jersey § 14a:3-4
Full text of New Jersey New Jersey Statutes § 14a:3-4, with citation guidance and answers to common questions.
§ 14a:3-4.
(1) Any corporation organized for any purpose under any general or special law of
this State, unless otherwise provided in its certificate of incorporation or by-laws,
shall have power, irrespective of corporate benefit, to aid, singly or in cooperation
with other corporations and with natural persons, in the creation or maintenance of
institutions or organizations engaged in community fund, hospital, charitable, philanthropic,
educational, scientific or benevolent activities or patriotic or civic activities
conducive to the betterment of social and economic conditions, and the board may authorize the making of contributions for those purposes in money, securities,
including shares of the corporation, or other property, in such reasonable amounts
as the board may determine; provided, that a contribution shall not be authorized hereunder if
at the time of the contribution or immediately thereafter the donee institution shall
own more than 10% of the voting stock of the donor corporation or one of its subsidiaries. (2) The provisions of this section shall not be construed as directly or indirectly
minimizing or interpreting the rights and powers of corporations, as heretofore existing,
with reference to appropriations, expenditures or contributions of the nature above
specified.
Frequently Asked Questions About New Jersey § 14a:3-4
What does New Jersey Statutes § 14a:3-4 cover?
Section 14a:3-4 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:3-4?
A common citation format is "New Jersey Statutes § 14a:3-4" (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:3-4 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.