New Jersey § 4:13-31
Full text of New Jersey New Jersey Statutes § 4:13-31, with citation guidance and answers to common questions.
§ 4:13-31.
The directors may establish reserve funds for working capital and for contingencies
and patrons' revolving funds and transfer thereto, from time to time in their discretion,
such sums as they may deem expedient. The association may provide for the payment of expenses necessary in the performance
of its services for members, and accumulation of the said funds, through fees, dues,
assessments, charges, retains or deductions from patrons' refunds, and earnings or
savings to be fixed and collected as prescribed by the board of directors. Shares in such patrons' revolving funds may be evidenced by certificates or notices,
which may be issued upon such terms and shall be redeemable and payable at such times,
as shall, from time to time, be determined by the board of directors.
Frequently Asked Questions About New Jersey § 4:13-31
What does New Jersey Statutes § 4:13-31 cover?
Section 4:13-31 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 § 4:13-31?
A common citation format is "New Jersey Statutes § 4:13-31" (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 § 4:13-31 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.