New Jersey Code § 17:52-19

Other corporations; powers
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17:52-19. Other corporations; powers
Corporations of this State other than banks and trust companies may also become stockholders of a business development corporation, except in any case where the certificate of incorporation or the by-laws of such corporation forbid the ownership of stock by any such corporation.
L.1957, c. 218, p. 761, s. 19.

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