New Jersey Revised Statutes § 16:13-7 - Corporate Action By Majority Vote; Right To Vote

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.


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Last modified: October 11, 2016