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Subsidiary stock issuance

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NJ Code › Title 55 › Chapter 19 › Section 19-10

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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Any subsidiary, upon authorization by the corporation, may issue its stock and employ the proceeds of such sales for capital investment in, or other expenses in connection with, the projects of the subsidiary. L. 1985, c. 227, s. 10, eff. July 8, 1986.

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