16:5-27. Combinations, consolidations or mergers
103 words·~1 min read·
/nj/title-16/chapter-5/16-5-27A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any 2 or more organizations incorporated under the provisions of this chapter as amended and supplemented may combine, consolidate or merge in the same manner as in the case of combinations, consolidations or mergers of corporations organized for purposes other than for pecuniary profit. Any organization incorporated under the provisions of this chapter as amended and supplemented may combine, consolidate or merge with any organization having a similar purpose and incorporated under the laws of any other State if the said other incorporated organization is authorized so to do by the laws of the State of its incorporation.
L.1962, c. 53, s. 12.