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New Jersey Statutes, Title: 15A, CORPORATIONS, NONPROFIT
Chapter 10: Procedure for merger
Section: 15A:10-3: Approval by corporation not having members entitled to vote
When a corporation is without members entitled to vote thereon, a merger or consolidation shall be approved upon receipt of the affirmative vote of two-thirds of the trustees present at a meeting called for the purpose of considering and voting upon the proposed merger or consolidation, unless a greater number is fixed by the certificate of incorporation or the bylaws.
L.1983, c. 127, s. 15A:10-3, eff. Oct. 1, 1983.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 15a:10-3 (if available):
Court decisions that cite this statute:
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