15A:12-1. Methods of dissolution
233 words·~1 min read·
/nj/title-15a/chapter-12/15a-12-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
a. A corporation may be dissolved in any one of the following ways:
(1)by action of the incorporators or trustees pursuant to section 15A:12-2;
(2)by action of the members pursuant to section 15A:12-3;
(3)by action of the board and the members pursuant to section 15A:12-4;
(4)by action of the board pursuant to section 15A:12-5;
(5)by action of the members pursuant to section 15A:12-6;
(6)by the filing of a certificate of dissolution pursuant to section 15A:12-7 upon expiration of any period of duration stated in the corporation's certificate of incorporation;
(7)by a judgment of the Superior Court in an action brought pursuant to section 15A:12-11, 15A:12-12, or 15A:14-2 or otherwise; or
(8)automatically by the Secretary of State revoking a certificate of incorporation as set forth in subsection c. of section 15A:4-5.
b. A corporation which has been dissolved in a proceeding pursuant to section 15A:12-11 or 15A:12-12, or which has been dissolved, or the certificate of incorporation of which has been revoked, for a cause or by a method not mentioned in this section, shall be subject to all the provisions of this chapter and of chapter 14, to the extent that those provisions are compatible with a court-directed dissolution, or with the statute or common law proceeding pursuant to which the dissolution, or revocation is effected.
L.1983, c. 127, s. 15A:12-1, eff. Oct. 1, 1983.