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New Jersey Statutes, Title: 14A, CORPORATIONS, GENERAL
Chapter 5: Place of shareholders' meetings
Section: 14A:5-12: Greater voting requirements
(1) The provisions of the certificate of incorporation shall control whenever, with respect to any action to be authorized by the shareholders of a corporation, including the election of directors, the certificate of incorporation requires the affirmative vote of a greater proportion of the votes cast, including a unanimous vote, by the holders of shares entitled to vote thereon, or by the holders of shares of any class or series thereof, than is required by this act with respect to such action.
(2) An amendment of the certificate of incorporation which changes or deletes such a provision shall be authorized by the same vote as would be required to take action under the provision.
L.1968, c.350; amended 1988,c.94,s.18.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 14a:5-12 (if available):
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