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Code · New Jersey · Title 16 — Courts and Judiciary · Chapter 1

16:1-5. Corporate action by majority of members; presence in person; validity

49 words·~1 min read·/nj/title-16/chapter-1/16-1-5

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The proceedings, orders and acts of a majority of the members of such corporation present in person at any duly convened annual or special meeting, but not of a less number shall be valid and effectual.
Amended by L.1955, c. 124, p. 605, s. 1, eff. July 8, 1955.
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