New Jersey § 15a:5-7
Full text of New Jersey New Jersey Statutes § 15a:5-7, with citation guidance and answers to common questions.
§ 15a:5-7.
a. The bylaws may provide for fixing, or in the absence of such a provision, the board
may fix, in advance, a date as the record date for determining the corporation's members
with regard to any corporate action or event and, in particular, for determining the
members entitled to: (1) Notice of or to vote at any meeting of members or any adjournment thereof; (2) Give a written consent to any action without a meeting; or (3) Receive or enjoy any benefit or right. The record date may in no case be more than 60 days prior to the members' meeting
or other corporate action or event to which it relates. The record date for a members' meeting may not be less than 10 days before the
date of the meeting. The record date to determine members entitled to give a written consent may not
be more than 60 days before the date fixed for tabulation of the consents or, if no
date has been fixed for tabulation, more than 60 days before the last day on which
consents received may be counted. b. If no record date is fixed: (1) The record date for a members' meeting shall be the close of business on the day
next preceding the day on which notice is given, or, if no notice is given, the day
next preceding the day on which the meeting is held; and (2) The record date for determining members for any purpose other than that specified
in paragraph 1 of subsection b. of this section shall be at the cessation of activities
on the day on which the resolution of the board relating thereto is adopted. c. When a determination of members of record for a members' meeting has been made
as provided in this section, the determination shall apply to any adjournment thereof,
unless the board fixes a new record date under this section for the adjourned meeting.
Frequently Asked Questions About New Jersey § 15a:5-7
What does New Jersey Statutes § 15a:5-7 cover?
Section 15a:5-7 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:5-7?
A common citation format is "New Jersey Statutes § 15a:5-7" (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:5-7 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.