New Jersey § 14a:7-8
Full text of New Jersey New Jersey Statutes § 14a:7-8, with citation guidance and answers to common questions.
§ 14a:7-8.
(1) Unless otherwise provided in the certificate of incorporation, all shares shall
have no par value and no stated capital shall be required to be maintained. (2) A corporation in its certificate of incorporation may specify a par value for
any class or series of its shares, may require that a specified stated capital be
maintained, or may impose any other capitalization requirements. A corporation which specifies in its certificate of incorporation the par value
for its shares or a specified stated capital shall not be subject to any limitations
on distributions other than those set forth in section 14A:7-14.1 , unless other restrictions are set forth in the certificate of incorporation. (3) If for any reason the laws of this State or those of any other jurisdiction require
that the par value of shares or stated capital of a corporation be ascertained, then
solely for that purpose a domestic corporation which has not otherwise made express
provision therefor in its certificate of incorporation shall be deemed to have declared
and be entitled to declare that its capital stock has a par value of one mill per
share and a stated capital of one mill times the number of shares then outstanding.
Frequently Asked Questions About New Jersey § 14a:7-8
What does New Jersey Statutes § 14a:7-8 cover?
Section 14a:7-8 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:7-8?
A common citation format is "New Jersey Statutes § 14a:7-8" (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:7-8 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.