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New Jersey Statutes, Title: 16, CORPORATIONS AND ASSOCIATIONS, RELIGIOUS

    Chapter 13: Incorporation

      Section: 16:13-7: Corporate action by majority vote; right to vote

           The proceedings, orders and acts of a majority of all the members of the corporation, but not of a less number, shall be valid and effectual. No member shall be allowed to vote on any matter which immediately affects himself, his private interest or emolument.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 16:13-7 (if available):



Court decisions that cite this statute: CLICK HERE.