16:13-7. Corporate action by majority vote; right to vote
45 words·~1 min read·
/nj/title-16/chapter-13/16-13-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proceedings, orders and acts of a majority of all the members of the corporation, but not of a less number, shall be valid and effectual. No member shall be allowed to vote on any matter which immediately affects himself, his private interest or emolument.