State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-16 > Section-16-5 > 16-5-27

16:5-27.  Combinations, consolidations or mergers
    Any 2 or more organizations incorporated under the provisions of this chapter as amended and supplemented may combine, consolidate or merge in the same manner as in the case of combinations, consolidations or mergers of corporations organized for purposes other than for pecuniary profit.  Any organization incorporated under the provisions of this chapter as amended and supplemented may combine, consolidate or merge with any organization having a similar purpose and incorporated under the laws of any other State if the said other incorporated organization is authorized so to do by the laws of the State  of its incorporation.

     L.1962, c. 53, s. 12.