New Jersey § 15a:12-4
Full text of New Jersey New Jersey Statutes § 15a:12-4, with citation guidance and answers to common questions.
§ 15a:12-4.
a. A corporation which has members entitled to vote on its dissolution may be dissolved
by action of its board and its members as provided in this section. b. The board shall recommend that the corporation be dissolved, adopt a plan of dissolution
pursuant to section 15A:12-8 , and direct that the plan of dissolution be submitted to a vote at a meeting of members. c. Notice of the meeting shall be given to each member entitled to vote at the meeting
within the time and in the manner provided in this act for the giving of notice of
meetings of members. d. At the meeting, a vote of the members shall be taken on the proposed plan of dissolution. The plan of dissolution shall be approved upon receiving the affirmative vote of
two-thirds of the votes cast by the members of the corporation entitled to vote thereon,
and, in addition, if any class is entitled to vote thereon as a class, the affirmative
vote of two-thirds of the votes cast in each class vote. The voting requirements of this section shall be subject to the greater or lesser
requirements as are adopted pursuant to section 15A:5-12 .
Frequently Asked Questions About New Jersey § 15a:12-4
What does New Jersey Statutes § 15a:12-4 cover?
Section 15a:12-4 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 § 15a:12-4?
A common citation format is "New Jersey Statutes § 15a:12-4" (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 § 15a:12-4 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.