15:19-2 - Certificates of incorporation; contents - New Jersey Statutes

15:19-2.  Certificates of incorporation;  contents
    Notwithstanding any provision to the contrary contained in any law of this State and except as otherwise provided in section 3 of this act, the certificate of incorporation of every corporation as herein defined, shall be deemed to include the following:

     "This corporation shall make distributions at such times and in such manner  as not to subject it to tax under section 4942 of the Internal Revenue Code of  1954, as amended, and shall not engage in any act of self-dealing as defined in  section 4941 of the said code, and shall not retain any excess business  holdings as defined in section 4943 of said code, and shall not make any  investments as defined in section 4944 of the said code, and shall not make any  taxable expenditures which would subject it to tax under section 4945 of the  said code."

     L.1971, c. 337, s. 2, eff. Dec. 13, 1971.