N.J.S.A. 14A:5-18 — When redeemable shares no longer entitled to vote

14A:5-18. When redeemable shares no longer entitled to vote On and after the date on which written notice of redemption of redeemable shares has been mailed to the holders thereof and a sum sufficient to redeem such shares has been deposited with a bank or trust company with irrevocable instruction and authority to pay the redemption price to the holders thereof upon surrender of certificates therefor, such shares shall not be entitled to vote on any matter and shall not be deemed to be outstanding shares. L.1968, c.350.

This is the verbatim text of N.J.S.A. 14A:5-18, 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.