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Section 15A:10-3 - Approval by corporation not having members entitled to vote

NJ Rev Stat § 15A:10-3 (2019) (N/A)
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15A:10-3. Approval by corporation not having members entitled to vote

When a corporation is without members entitled to vote thereon, a merger or consolidation shall be approved upon receipt of the affirmative vote of two-thirds of the trustees present at a meeting called for the purpose of considering and voting upon the proposed merger or consolidation, unless a greater number is fixed by the certificate of incorporation or the bylaws.

L.1983, c. 127, s. 15A:10-3, eff. Oct. 1, 1983.

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Section 15A:10-2 - Procedure for consolidation
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Section 15A:10-4 - Approval by members