New Jersey § 3a:14a-4
Full text of New Jersey New Jersey Statutes § 3a:14a-4, with citation guidance and answers to common questions.
§ 3a:14a-4.
A. Except as in this act otherwise provided, the following shall be principal: (a) all distributions to an estate by a corporation in the shares of the distributing
corporation, whether in the form of a stock split or stock dividend or cash in lieu
of fractional shares, shall be principal, unless any such distribution is 4% or less
of the number of shares of such stock held in the estate on the record date of such
distribution (or, if there is no record date, the date of the declaration thereof
by the corporation), in which case such distribution shall be income; (b) all rights to subscribe to securities of a corporation held in an estate accruing
by reason of the ownership of securities of the corporation creating such rights; (c) the proceeds of the sale of all rights described in paragraph (b) of this section; (d) all distributions of corporate assets to stockholders on the liquidation of a
corporation whose stock is held in an estate; (e) all distributions, whenever made, of corporate assets to stockholders of a corporation
whose stock is held in an estate, which are designated by such corporation as a return
or distribution of capital or a division of corporate property. B. The provisions of paragraphs (d) and (e) of subsection A of this section shall
apply regardless of the source of, or the manner of, or the time of the acquisition
of the property distributed.
Frequently Asked Questions About New Jersey § 3a:14a-4
What does New Jersey Statutes § 3a:14a-4 cover?
Section 3a:14a-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 § 3a:14a-4?
A common citation format is "New Jersey Statutes § 3a:14a-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 § 3a:14a-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.