New Jersey § 55:19-11
Full text of New Jersey New Jersey Statutes § 55:19-11, with citation guidance and answers to common questions.
§ 55:19-11.
a. No director, officer, agent or employee of the corporation or of any of the corporation's
subsidiaries shall take any official action on any matter in which he has a direct
or indirect financial interest, except that the ownership of, or tenancy in, one's
own private residence shall not be considered a financial interest for the purposes
of this section. b. Any action taken or approval granted by the corporation or any of its subsidiaries
in violation of this subsection is voidable. c. Any person who knowingly violates any provision of this section shall forfeit his
office or employment and is guilty of a crime of the fourth degree.
Frequently Asked Questions About New Jersey § 55:19-11
What does New Jersey Statutes § 55:19-11 cover?
Section 55:19-11 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 § 55:19-11?
A common citation format is "New Jersey Statutes § 55:19-11" (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 § 55:19-11 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.