17:27-5.2. Approval of agreement
154 words·~1 min read·
/nj/title-17/chapter-27/17-27-5-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The agreement must be assented to by vote of 2/3 of the number of directors of each corporation and must be approved by the members of each corporation by a majority of the votes cast in person or by proxy at a general or special meeting, upon notice stating the time, place and object of the meeting, served at least 30 days previously upon each member personally or mailed to him at his last known address and also published at least once a week for 4 weeks successively in some newspaper printed in the county where such corporation has its principal office, and there shall be indorsed upon the agreement a certificate of the secretaries of the respective corporations under the seals thereof to the effect that the same has been assented to by such votes of the directors and approved by such votes of the members.
L.1956, c. 149, p. 615, s. 2.