New Jersey Statutes
§ 16:12-31 — Dividends
New Jersey·Title 16 CORPORATIONS AND ASSOCIATIONS, RELIGIOUS
The corporation shall pay ratably among the holders of shares or interests then outstanding, annually, or, in the discretion of said trustees, more frequently, dividends which shall approximately equal in each fiscal year, the net income of the trust, after establishing such reserves as they may deem advisable. L.1944, c. 139, p. 373, s. 6.
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Nearby Sections
15
§ 16:12-1
Incorporation; meeting.§ 16:12-10
Annual parish election.§ 16:12-11
Election of officers; tenure.§ 16:12-12
Warden or vestrymember; filling vacancy.§ 16:12-13
Special parish meetings.§ 16:12-14
Changes; procedure.§ 16:12-15
Consolidation of parishes.§ 16:12-16
Property of extinct parish§ 16:12-17
"Parish" as meaning "congregation"§ 16:12-18
Incorporation§ 16:12-19
Powers; holding property in trust§ 16:12-21
Management of funds; property in trust