State Codes and Statutes

Statutes > New-jersey > Title-15a > Section-15a-12 > 15a-12-1

15A:12-1.  Methods of dissolution
    a.  A corporation may be dissolved in any one of the following ways:

    (1) by action of the incorporators or trustees pursuant to section 15A:12-2;

    (2) by action of the members pursuant to section 15A:12-3;

     (3) by action of the board and the members pursuant to section 15A:12-4;

     (4) by action of the board pursuant to section 15A:12-5;

     (5) by action of the members pursuant to section 15A:12-6;

     (6) by the filing of a certificate of dissolution pursuant to section 15A:12-7 upon expiration of any period of duration stated in the corporation's certificate of incorporation;

     (7) by a judgment of the Superior Court in an action brought pursuant to section 15A:12-11, 15A:12-12, or 15A:14-2 or otherwise;  or

     (8) automatically by the Secretary of State revoking a certificate of incorporation as set forth in subsection c. of section 15A:4-5.

     b.  A corporation which has been dissolved in a proceeding pursuant to section 15A:12-11 or 15A:12-12, or which has been dissolved, or the certificate  of incorporation of which has been revoked, for a cause or by a method not  mentioned in this section, shall be subject to all the provisions of this  chapter and of chapter 14, to the extent that those provisions are compatible  with a court-directed dissolution, or with the statute or common law proceeding  pursuant to which the dissolution, or revocation is effected.

     L.1983, c. 127, s. 15A:12-1, eff. Oct. 1, 1983.