New Jersey Statutes
§ 17:17-11 — Transacting business before authority given; liability of directors and corporators
New Jersey § 17:17-11
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:17-11 (Transacting business before authority given; liability of directors and corporators) 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. § 17:17-11 (2026).
Text
The directors and corporators of any company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), shall be jointly and severally liable for all obligations incurred by the company by reason of its having transacted any business before it has received legal authority so to do.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 17:17-1
Kinds of insurance§ 17:17-10
Certificates authorizing company to commence business; issuance, surrender; replacement carrier.§ 17:17-13
Application of subtitle limited§ 17:17-14
Assessments required when liabilities of mutual company, other than fire or life, exceed assets§ 17:17-15
Rules, regulations on solvency standards§ 17:17-18
Maintenance of reserves§ 17:17-2
Stock or mutual plan§ 17:17-20
Change of domicile for insurers§ 17:17-3
Purposes permitted§ 17:17-4
Certificate of incorporationCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 17:17-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A17-11.