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Code · New Jersey · Title 15A — Corporations, Nonprofit · Chapter 12

15A:12-5. Dissolution pursuant to action of board

106 words·~1 min read·/nj/title-15a/chapter-12/15a-12-5·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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