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2017 New Jersey Revised Statutes
TITLE 16 - CORPORATIONS AND ASSOCIATIONS, RELIGIOUS
Section 16:1-5 - Corporate action by majority of members; presence in person; validity
Universal Citation: NJ Rev Stat § 16:1-5 (2017)
16:1-5. Corporate action by majority of members; presence in person; validity
The proceedings, orders and acts of a majority of the members of such corporation present in person at any duly convened annual or special meeting, but not of a less number shall be valid and effectual.
Amended by L.1955, c. 124, p. 605, s. 1, eff. July 8, 1955.
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