40:55D-48.4 - Concealing ownership interest; fine - New Jersey Statutes

40:55D-48.4.  Concealing ownership interest;  fine
    Any corporation or partnership which conceals the names of the stockholders  owning 10% or more of its stock, or of the individual partners owning a 10% or  greater interest in the partnership, as the case may be, shall be subject to a  fine of $1,000.00 to $10,000.00 which shall be recovered in the name of the  municipality in any court of record in the State in a summary manner pursuant  to  "The Penalty Enforcement Law" (N.J.S. 2A:58-1 et seq.).

     L.1977, c. 336, s. 4, eff. Jan. 24, 1978.