Section 15A:12-5 - Dissolution pursuant to action of board

NJ Rev Stat § 15A:12-5 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

15A:12-5. Dissolution pursuant to action of board

If there are no members of the corporation entitled to vote on the dissolution of the corporation, a corporation may be dissolved by the affirmative vote of two-thirds of its trustees at a meeting of the board. If dissolution is approved as provided in this section, a certificate of dissolution shall be executed on behalf of the corporation and an original and a copy shall be filed in the office of the Secretary of State. The certificate shall contain the information required by section 15A:12-10. The Secretary of State shall forward the copy to the Attorney General.

L.1983, c. 127, s. 15A:12-5, eff. Oct. 1, 1983.