15A:10-3 - Approval by corporation not having members entitled to vote
15A:10-3. Approval by corporation not having members entitled to vote
When a corporation is without members entitled to vote thereon, a merger or consolidation shall be approved upon receipt of the affirmative vote of two-thirds of the trustees present at a meeting called for the purpose of considering and voting upon the proposed merger or consolidation, unless a greater number is fixed by the certificate of incorporation or the bylaws.
L.1983, c. 127, s. 15A:10-3, eff. Oct. 1, 1983.