New Jersey § 34:17-12
Full text of New Jersey New Jersey Statutes § 34:17-12, with citation guidance and answers to common questions.
§ 34:17-12.
The board of directors of every society incorporated under this chapter shall annually
make a statement in writing of the condition of such society, setting forth: a. The amount of capital stock and the number and par value of shares issued; b. The number of stockholders and the number of shares held by each; and c. The amount and character of the property of the society and of its debts and liabilities. Such statement shall be signed and sworn to by a majority of directors, including
the treasurer, and filed in the office of the clerk of the county where the principal
office of the society is located, and immediately thereafter a copy of such statement
shall be forwarded to the commissioner of labor. If the commissioner of labor shall have reason to doubt the correctness of the statement,
or upon the written request of five members of the society, he shall cause an examination
of the books and affairs of the society to be made and shall render a correct statement
to the members thereof. Every member or creditor thereof shall be entitled to receive from the secretary
of the society a copy of the annual statement, and every director or other officer
refusing to comply with the requirements of this section, or making and signing a
false annual statement of the condition of the society, shall forfeit for each offense
the sum of one hundred dollars, to be recovered in an action at law in any court of
competent jurisdiction in this state by any member or creditor of the society who
shall sue for the same.
Frequently Asked Questions About New Jersey § 34:17-12
What does New Jersey Statutes § 34:17-12 cover?
Section 34:17-12 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 § 34:17-12?
A common citation format is "New Jersey Statutes § 34:17-12" (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 § 34:17-12 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.