N.J.S.A. 17:9A-85

Voting of treasury stock

17:9A-85. Voting of treasury stock Shares of its own capital stock belonging to a bank shall not be voted directly or indirectly. Any shares disqualified from voting solely because of such ownership shall not be counted in determining the proportion of or the number of shares or votes required to pass or to vote upon or to consent or assent to any matter or in determining the number of shares required to constitute a quorum at any meeting of the stockholders. L.1948, c. 67, p. 258, s. 85.

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This is the verbatim text of N.J.S.A. 17:9A-85, 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. 17:9A-85 — Voting of treasury stock | Kyzer