| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 4, AGRICULTURE AND DOMESTIC ANIMALS
Chapter 13:
Section: 4:13-24.1: Proportionate voting rights; exception
An association incorporated under this chapter may provide in its certificate of incorporation or by-laws for proportionate or unequal voting rights of all its members based upon the patronage of said members, which shall be exercised when and as provided in said by-laws, except that no member shall be entitled to more than one vote in any case in which a statute requires the affirmative vote of a majority or more of the members. The method by which such proportionate voting rights shall be as determined and fixed in the certificate of incorporation or by-laws as the case may be.
L.1966, c. 286, s. 21.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 4:13-24.1 (if available):
Court decisions that cite this statute:
CLICK HERE.