New Jersey § 16:1-21 Effect of consolidation on property, powers, rights, privileges and franchises

New Jersey Statutes

§ 16:1-21 — Effect of consolidation on property, powers, rights, privileges and franchises

New Jersey § 16:1-21

Title 16CORPORATIONS AND ASSOCIATIONS, RELIGIOUS

This text of New Jersey § 16:1-21 (Effect of consolidation on property, powers, rights, privileges and franchises) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 16:1-21 (2026).

Text

The new corporation shall be entitled to, and invested with, all the real and personal property, assets, rights, privileges, powers and franchises belonging to each of the societies so consolidated or united, but subject to all the debts and liabilities of each, and to the terms of the agreement under which such consolidation or union was made. It shall also possess and exercise all the powers, rights, privileges and franchises which any religious society of like denomination may possess and exercise when incorporated under the existing laws of this state.

Free access — add to your briefcase to read the full text and ask questions with AI

The new corporation shall be entitled to, and invested with, all the real and personal property, assets, rights, privileges, powers and franchises belonging to each of the societies so consolidated or united, but subject to all the debts and liabilities of each, and to the terms of the agreement under which such consolidation or union was made. It shall also possess and exercise all the powers, rights, privileges and franchises which any religious society of like denomination may possess and exercise when incorporated under the existing laws of this state.