New Jersey § 17:12b-270
Full text of New Jersey New Jersey Statutes § 17:12b-270, with citation guidance and answers to common questions.
§ 17:12b-270.
In the case of the dissolution and liquidation of a capital stock association, the
procedure shall be as set forth in Article XVIII of this act, 1 except that the word “member” shall be either inclusive of stockholders of a capital
stock association or shall be construed to mean stockholder wherever appropriate to
the context. In the event of the dissolution and liquidation of a capital stock association,
no liquidating dividend to the stockholders of the capital stock association shall
be made until all liabilities of the capital stock association, including the withdrawal
value of all accounts and deposits, have been satisfied in full. 1
N.J.S.A. §§ 17:12B-228 to 17:12B-240.
Frequently Asked Questions About New Jersey § 17:12b-270
What does New Jersey Statutes § 17:12b-270 cover?
Section 17:12b-270 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 § 17:12b-270?
A common citation format is "New Jersey Statutes § 17:12b-270" (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 § 17:12b-270 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.