New Jersey § 55:19-11 Self-dealing prohibition

New Jersey Statutes

§ 55:19-11 — Self-dealing prohibition

New Jersey § 55:19-11

Title 55TENEMENT HOUSES AND PUBLIC HOUSING

This text of New Jersey § 55:19-11 (Self-dealing prohibition) 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. § 55:19-11 (2026).

Text

a.No director, officer, agent or employee of the corporation or of any of the corporation's subsidiaries shall take any official action on any matter in which he has a direct or indirect financial interest, except that the ownership of, or tenancy in, one's own private residence shall not be considered a financial interest for the purposes of this section.

b.Any action taken or approval granted by the corporation or any of its subsidiaries in violation of this subsection is voidable.

c.Any person who knowingly violates any provision of this section shall forfeit his office or employment and is guilty of a crime of the fourth degree. L. 1985, c. 227, s. 10A, eff. July 8, 1985.

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a. No director, officer, agent or employee of the corporation or of any of the corporation's subsidiaries shall take any official action on any matter in which he has a direct or indirect financial interest, except that the ownership of, or tenancy in, one's own private residence shall not be considered a financial interest for the purposes of this section. b. Any action taken or approval granted by the corporation or any of its subsidiaries in violation of this subsection is voidable. c. Any person who knowingly violates any provision of this section shall forfeit his office or employment and is guilty of a crime of the fourth degree. L. 1985, c. 227, s. 10A, eff. July 8, 1985.