State Codes and Statutes

Statutes > New-jersey > Title-14a > Section-14a-6 > 14a-6-13

14A:6-13.  Liability of directors;  presumption of assent to action taken at  a meeting
    A director of a corporation who is present at a meeting of its board, or any  committee thereof of which he is a member, at which action on any corporate  matter referred to in section 14A:6-12 is taken shall be presumed to have  concurred in the action taken unless his dissent shall be entered in the  minutes of the meeting or unless he shall file his written dissent to such  action with the person acting as the secretary of the meeting before or promptly after the adjournment thereof.  Such right to dissent shall not apply to a director who voted in favor of such action.  A director who is absent from  a meeting of the board, or any committee thereof of which he is a member, at  which any such action is taken shall be presumed to have concurred in the  action unless he shall file his dissent with the secretary of the corporation  within a reasonable time after learning of such action.

     L.1968, c.350; amended by L.1973, c. 366, s. 28, eff. May 1, 1974.