New Jersey Statutes
§ 14A:7-10 — Expenses of organization, reorganization and financing
New Jersey·Title 14A CORPORATIONS, GENERAL
The reasonable charges and expenses of organization or reorganization of a corporation, and the reasonable expenses of and compensation for the sale or underwriting of its shares, may be paid or allowed by such corporation out of the consideration received by it in payment for its shares without thereby rendering such shares assessable or not fully paid.
L.1968, c.350.
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Nearby Sections
15
§ 14A:7-1
Authorized shares§ 14A:7-11
Certificates representing shares§ 14A:7-13
Issuance of fractional shares or scrip§ 14A:7-14.1
Limitations on distributions to shareholders§ 14A:7-15
Authority to pay dividends§ 14A:7-15.1. Share dividends, share divisions and combinations
§ 14A:7-15.1. Share dividends, share divisions and combinations§ 14A:7-16. Acquisitions of a corporation's own shares
§ 14A:7-16. Acquisitions of a corporation's own shares§ 14A:7-18. Cancellation of reacquired shares
§ 14A:7-18. Cancellation of reacquired shares§ 14A:7-3
Subscription for shares.§ 14A:7-4
Consideration for shares§ 14A:7-5
Payment for shares; nonassessability§ 14A:7-6
Redeemable shares