New Jersey Statutes

§ 15A:1-1 — Short title; purposes; rules of construction; variation

New Jersey·Title 15A CORPORATIONS, NONPROFIT

a. This title shall be known and may be cited as the "New Jersey Nonprofit Corporation Act." b. This title shall be liberally construed and applied to promote its underlying purposes and policies. c. Underlying purposes and policies of this title are, among others:

(1)to simplify, clarify and modernize the law governing nonprofit corporations;
(2)to provide a general corporate form for the conduct of lawful, nonprofit activities with such variations and modifications from the form so provided as the interested parties in any nonprofit corporation may agree upon, subject only to overriding interests of this State and of third parties; and (3) to make the law governing nonprofit corporations as nearly compatible with the New Jersey Business Corporation Act (N.J.S. 14A:1-1 et seq.) as may b

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