15A:2-12. Chapter organizations
380 words·~2 min read·
/nj/title-15a/chapter-2/15a-2-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
a. Any corporation to which this act is applicable pursuant to paragraph (1),
(2)or
(3)of subsection a. of section 15A:1-3 may provide in its certificate of incorporation that it is to be a "chapter organization" which is a corporation having subordinate or local chapters, however designated, located within or without this State and that it shall exercise the powers granted in this section.
b. Any chapter organization, as set forth in subsection a. of this section, in addition to the other powers granted pursuant to this act, may:
(1)Grant charters to subordinate or local chapters;
(2)Make, amend, and change bylaws for the government of its chapters and the use of its name; and
(3)Revoke or cancel the charter of a chapter for the violation of its bylaws or for other cause as it may determine.
c. Any chapter of a chapter organization which includes in its certificate of incorporation a provision that it is a chapter of a chapter organization shall, upon revocation of its charter by the chapter organization, continue to be a corporation until dissolved in accordance with chapter 12 of this act. It shall not conduct any activities as a chapter of the chapter organization and, if the certificate of incorporation or bylaws of the chapter organization so provide, its assets may be taken and conserved by the chapter organization and be distributed in accordance with the certificate of incorporation or bylaws of the chapter organization.
The chapter organization or any other interested person may apply to the Superior Court for the appointment of a receiver or custodian or for any other relief to enforce the provisions of this section. The court may proceed in a summary manner or otherwise.
d. No corporation shall adopt or use a name or symbol indicating that it is affiliated in any way with a chapter organization unless it is a chapter of the chapter organization or does so with the consent of the chapter organization.
e. Any corporation in existence prior to the effective date of this act which was, on that date, a state organization pursuant to R.S. 15:16-1, shall, on the effective date of this act be deemed a chapter organization under this section.
L.1983, c. 127, s. 15A:2-12, eff. Oct. 1, 1983.