New Jersey § 14a:11-4
Full text of New Jersey New Jersey Statutes § 14a:11-4, with citation guidance and answers to common questions.
§ 14a:11-4.
(1) The right of a dissenting shareholder to be paid the fair value of his shares
under this Chapter shall cease if (a) he has failed to present his certificates for notation as provided by subsection
14A:11-2(6), unless a court having jurisdiction, for good and sufficient cause shown,
shall otherwise direct; (b) his demand for payment is withdrawn with the written consent of the corporation; (c) the fair value of the shares is not agreed upon as provided in this Chapter and
no action for the determination of fair value by the Superior Court is commenced within
the time provided in this Chapter; (d) the Superior Court determines that the shareholder is not entitled to payment
for his shares; (e) the proposed corporate action is abandoned or rescinded; or (f) a court having jurisdiction permanently enjoins or sets aside the corporate action. (2) In any case provided for in subsection 14A:11-4(1), the rights of the dissenting
shareholder as a shareholder shall be reinstated as of the date of the making of a
demand for payment pursuant to subsections 14A:11-2(3), 14A:11-2(4) or 14A:11-2(5)
without prejudice to any corporate action which has taken place during the interim
period. In such event, he shall be entitled to any intervening preemptive rights and the
right to payment of any intervening dividend or other distribution, or, if any such
rights have expired or any such dividend or distribution other than in cash has been
completed, in lieu thereof, at the election of the board, the fair value thereof in
cash as of the time of such expiration or completion.
Frequently Asked Questions About New Jersey § 14a:11-4
What does New Jersey Statutes § 14a:11-4 cover?
Section 14a:11-4 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 14a:11-4?
A common citation format is "New Jersey Statutes § 14a:11-4" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 14a:11-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.