State Codes and Statutes

Statutes > New-jersey > Title-14a > Section-14a-14 > 14a-14-25

14A:14-25.  Reorganization under act of Congress;  rights of certain shareholders
    In any case where a plan of reorganization of a corporation provides for any  action to be taken, which, if taken pursuant to any provisions of this act  would entitle dissenting shareholders to payment of the value of their shares,  such action may be taken by such corporation in reorganization without payment  to shareholders of the value of their shares.

     L.1968, c.350; amended by L.1973, c. 366, s. 76, eff. May 1, 1974.