Section 16:13-7 - Corporate action by majority vote; right to vote

NJ Rev Stat § 16:13-7 (2019) (N/A)
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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.