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2019 New Jersey Revised Statutes
Title 15A - Corporations, Nonprofit
Section 15A:12-5 - Dissolution pursuant to action of board
Universal Citation: NJ Rev Stat § 15A:12-5 (2019)
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.
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