New Jersey § 14a:11-6

§ 14a:11-6.

(1) Not later than 10 days after the expiration of the period within which shareholders

may make written demand to be paid the fair value of their shares, the corporation

upon which such demand has been made pursuant to subsections 14A:11-2(3), 14A:11-2(4)

or 14A:11-2(5) shall mail to each dissenting shareholder the balance sheet and the

surplus statement of the corporation whose shares he holds, as of the latest available

date which shall not be earlier than 12 months prior to the making of such offer and

a profit and loss statement or statements for not less than a 12-month period ended

on the date of such balance sheet or, if the corporation was not in existence for

such 12-month period, for the portion thereof during which it was in existence. The corporation may accompany such mailing with a written offer to pay each dissenting

shareholder for his shares at a specified price deemed by such corporation to be the

fair value thereof. Such offer shall be made at the same price per share to all dissenting shareholders

of the same class, or, if divided into series, of the same series. (2) If, not later than 30 days after the expiration of the 10-day period limited by

subsection 14A:11-6(1), the fair value of the shares is agreed upon between any dissenting

shareholder and the corporation, payment therefor shall be made upon surrender of the certificate or certificates representing such shares.