N.J.S.A. 16:1-5

Corporate action by majority of members; presence in person; validity

16:1-5. Corporate action by majority of members; presence in person; validity The proceedings, orders and acts of a majority of the members of such corporation present in person at any duly convened annual or special meeting, but not of a less number shall be valid and effectual. Amended by L.1955, c. 124, p. 605, s. 1, eff. July 8, 1955.

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This is the verbatim text of N.J.S.A. 16:1-5, 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.

N.J.S.A. 16:1-5 — Corporate action by majority of members; presence in person; validity | Kyzer