N.J.S.A. 14A:12-1 — Methods of dissolution

14A:12-1. Methods of dissolution (1) A corporation may be dissolved in any one of the following ways (a) By the filing of a certificate of dissolution pursuant to section 14A:12-5.1 upon expiration of any period of duration stated in the corporation's certificate of incorporation; (b) By action of the incorporators or directors pursuant to section 14A:12-2; (c) By action of the shareholders pursuant to section 14A:12-3; (d) By action of the board and the shareholders pursuant to section 14A:12-4; (e) By action of a shareholder or shareholders pursuant to section 14A:12-5; (f) By a judgment of the Superior Court in an action brought pursuant to section 14A:12-6 or 14A:12-7, or otherwise; (g) Automatically by a proclamation of the Secretary of State repealing or revoking a certificate of incorporation for nonpayment of taxes or for failure to file annual reports; (h) By action of a corporation without assets pursuant to section 14A:12-4.1. (2) A corporation which has been dissolved in a proceeding pursuant to section 14A:12-6 or 14A:12-7, or which has been dissolved, or whose charter has been forfeited or revoked, for a cause or by a method not mentioned in this section, shall be subject to all the provisions of this Chapter and of Chapter 14, to the extent that such provisions are compatible with a court directed dissolution, or with the statute or common-law proceeding pursuant to which such dissolution, forfeiture or revocation is effected. L.1968, c.350; amended 1973,c.366,s.64; 1988,c.94,s.67.

This is the verbatim text of N.J.S.A. 14A:12-1, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.