New Jersey § 16:1-43
Full text of New Jersey New Jersey Statutes § 16:1-43, with citation guidance and answers to common questions.
§ 16:1-43.
Every gift, grant, legacy, bequest or devise, in trust or otherwise, vested or contingent,
in possession or expectancy, contained in any will or other instrument, made before
or after the consolidation, to or for, or inuring or accruing to, either constituent
corporation, shall vest in, inure and accrue to the benefit of the consolidated corporation
as effectually as though made to it and in its name and for its use and benefit, subject
to all estates, trusts, interests and conditions imposed in relation thereto, and
every such will or other instrument shall take effect subject to the provisions of
this act 1 and any consolidation hereunder. So far as may be necessary to accomplish the foregoing, the separate corporate entity
and name of each constituent corporation shall be continued for the purpose of enabling
it to accept and receive every such gift, grant, legacy, bequest or devise as fully
as though the consolidation had not been effected, and the trustees, chapter or other
governing body of the consolidated corporation shall, for such purpose, be deemed
to be the trustees, chapter or other governing body of the constituent corporation. Immediately upon the accrual or receipt of every such gift, grant, legacy, bequest
or devise, or the proceeds thereof, the title to the same shall become vested in the
consolidated corporation, subject to all estates, trusts, interests and conditions
imposed in relation thereto. 1
N.J.S.A. §§ 16:1-43.1 to 16:1-43.10.
Frequently Asked Questions About New Jersey § 16:1-43
What does New Jersey Statutes § 16:1-43 cover?
Section 16:1-43 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 § 16:1-43?
A common citation format is "New Jersey Statutes § 16:1-43" (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 § 16:1-43 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.