State Codes and Statutes

Statutes > New-jersey > Title-16 > Section-16-13 > 16-13-7

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.

State Codes and Statutes

Statutes > New-jersey > Title-16 > Section-16-13 > 16-13-7

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.