N.J.S.A. 15A:12-5 — Dissolution pursuant to action of board

15A:12-5. Dissolution pursuant to action of board If there are no members of the corporation entitled to vote on the dissolution of the corporation, a corporation may be dissolved by the affirmative vote of two-thirds of its trustees at a meeting of the board. If dissolution is approved as provided in this section, a certificate of dissolution shall be executed on behalf of the corporation and an original and a copy shall be filed in the office of the Secretary of State. The certificate shall contain the information required by section 15A:12-10. The Secretary of State shall forward the copy to the Attorney General. L.1983, c. 127, s. 15A:12-5, eff. Oct. 1, 1983.

This is the verbatim text of N.J.S.A. 15A:12-5, 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.