N.J.S.A. 17:12B-257 — Voting rights of stockholders

17:12B-257. Voting rights of stockholders a. Each stockholder owning shares of capital stock with voting rights shall be entitled to vote at any meeting of the capital stock association. Each capital stock association shall set forth in its bylaws the voting rights of its stockholders. Each holder of shares of capital stock shall be entitled to one vote for each voting share on each matter submitted to a vote at a meeting of stockholders. b. Stockholders may vote by written proxy if the bylaws so provide and the bylaws may prohibit voting by persons who have become stockholders within 60 days of the date when the vote is cast. c. Each share of stock held jointly shall be allowed one vote. L.1974, c. 137, s. 28, eff. Oct. 23, 1974.

This is the verbatim text of N.J.S.A. 17:12B-257, 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.