Statutes, codes, and regulations
New Jersey Statutes
Title 16 - CORPORATIONS AND ASSOCIATIONS, RELIGIOUS
Chapter 16:13 - INCORPORATION
Section 16:13-7 - Corporate action by majority vote; right to vote

N.J. Stat. § 16:13-7

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Current through L. 2024, c. 87.
Section 16:13-7 - Corporate action by majority vote; right to vote

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.

N.J.S. § 16:13-7