17:27-4 - Filing agreement of merger or consolidation; exchange of stock - New Jersey Statutes

17:27-4.  Filing agreement of merger or consolidation;  exchange of stock
    Upon filing such agreement of merger or consolidation with such certificate  of the secretaries and approval of the Commissioner of Banking and Insurance  endorsed thereon, in the office of the Commissioner of Banking and Insurance  and the duplicate or certified copy thereof in the office of the clerk of the  county or counties where the office or offices of the domestic contracting  corporation or corporations is, or are, located, such agreement may be carried  into effect as provided therein. The corporation so formed by or resulting  from such merger or consolidation may require the return of the original  certificates of stock held by each stockholder in each of the corporations  involved in such merger or consolidation, and issue in lieu thereof new  certificates for such number of shares of its own stock as such stockholders  may be entitled to receive.

     Amended by L.1938, c. 259, p. 577, s. 4.