N.J.S.A 17:52-20. Limitations on indebtedness

17:52-20. Limitations on indebtedness

No business development corporation shall voluntarily incur any liability or indebtedness at any time when the incurring of any such liability or indebtedness will exceed 10 times its paid-in capital stock, or $10,000,000.00, whichever is the greater.

L.1957, C.218, p. 761, s.20.

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Look up case for New Jersey Statute 17:52-20. Limitations on indebtedness

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 17:52-20. Limitations on indebtedness

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