New Jersey § 3a:14a-8
Full text of New Jersey New Jersey Statutes § 3a:14a-8, with citation guidance and answers to common questions.
§ 3a:14a-8.
A. If a dividend of the nature described in section five of this act is declared by
a corporation, after the estate is established, and such corporation designates no
record date on or as of which the stockholders of such corporation entitled to such
dividend are to be determined, such dividend shall be income to the person who is
the tenant on the date when such dividend is declared, regardless whether, at the
time of the payment of such dividend, the period during which such person is entitled
to income has terminated. There shall be no apportionment of such dividend between such person and a preceding
or succeeding tenant, if any, or between such person and the remainderman. If, on the date of declaration of such dividend, there is no tenant, such dividend
shall be principal, and there shall be no apportionment thereof between the remainderman
and any former tenant. B. If a dividend of the nature described in section five of this act is declared by
a corporation, after the estate is established, and such corporation designates a
record date on or as of which the stockholders of such corporation entitled to such
dividend are to be determined, such dividend shall be income to the person who is
the tenant on such record date, regardless whether, at the time of payment of such
dividend, the period during which such person is entitled to income has terminated. There shall be no apportionment of such dividend between such person and a preceding
or succeeding tenant, if any, or between such person and the remainderman. If, on the record date, there is no tenant, such dividend shall be principal, and
there shall be no apportionment thereof between the remainderman and any former tenant. C. If a dividend of the nature described in section five of this act is declared by
a corporation before the estate is established, and such corporation designates no
record date on or as of which the stockholders of such corporation entitled to such
dividend are to be determined, and such dividend is paid after the estate is established,
such dividend shall be principal. D. If a dividend of the nature described in section five of this act is declared by
a corporation before the estate is established, and such corporation designates a
record date on or as of which the stockholders of such corporation entitled to such
dividend are to be determined, and such record date falls after the estate is established,
such dividend shall be income to the person who is the tenant on such record date,
and shall be subject to the provisions of subsection B of this section to the same
extent as if such dividend had been declared after the estate was established.
Frequently Asked Questions About New Jersey § 3a:14a-8
What does New Jersey Statutes § 3a:14a-8 cover?
Section 3a:14a-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 § 3a:14a-8?
A common citation format is "New Jersey Statutes § 3a:14a-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 § 3a:14a-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.