State Codes and Statutes

Statutes > New-jersey > Title-14a > Section-14a-10 > 14a-10-8

14A:10-8.  Abandonment of merger or consolidation
    Prior to the time when a merger or consolidation authorized by this Chapter  shall become effective, the merger or consolidation may be abandoned pursuant  to provisions therefor, if any, set forth in the plan of merger or consolidation.  If a certificate of merger or consolidation has been filed in the office of the Secretary of State prior to such abandonment, a certificate of abandonment shall be filed in the office of the Secretary of State.  The certificate shall be executed on behalf of each corporation which is a party to  the plan of merger or consolidation, unless the plan permits abandonment by  less than all of such corporations, in which event the certificate may be executed on behalf of the corporation or corporations exercising the right to abandon.  The certificate shall state that the merger or consolidation has been  abandoned in accordance with the provisions therefor set forth in the plan of  merger or consolidation.
 
L.1968, c.350.