N.J.S.A. 15A:10-3

Approval by corporation not having members entitled to vote

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.

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This is the verbatim text of N.J.S.A. 15A:10-3, 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.

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