The New Jersey Corporate and Business Law Study Commission was created by the New Jersey Legislature and charged with the responsibility of studying and reviewing all aspects of the New Jersey statutes, legislation and court decisions relating to business entities, including business corporations and partnerships and the issuance of ownership interests or securities thereby, as well as all aspects of laws governing nonprofit corporations. The commission’s duties also entail engaging in comparative study and examination of the business and corporate laws of the other states. It has only three members, who are appointed to three-year terms by the New Jersey governor, the Senate, and the Assembly, respectively; the commission reports to the governor and the Legislature. This article surveys the mission and the work of this tiny legislative commission.
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