New Jersey § 14a:11-7
Full text of New Jersey New Jersey Statutes § 14a:11-7, with citation guidance and answers to common questions.
§ 14a:11-7.
(1) If the fair value of the shares is not agreed upon within the 30-day period limited
by subsection 14A:11-6(2), the dissenting shareholder may serve upon 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) a written demand that it commence an action in the Superior Court for
the determination of the fair value of the shares. Such demand shall be served not later than 30 days after the expiration of the 30-day
period so limited and such action shall be commenced by the corporation not later
than 30 days after receipt by the corporation of such demand, but nothing herein shall
prevent the corporation from commencing such action at any earlier time. (2) If a corporation fails to commence the action as provided in subsection 14A:11-7(1),
a dissenting shareholder may do so in the name of the corporation, not later than
60 days after the expiration of the time limited by subsection 14A:11-7(1) in which
the corporation may commence such an action.
Frequently Asked Questions About New Jersey § 14a:11-7
What does New Jersey Statutes § 14a:11-7 cover?
Section 14a:11-7 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 § 14a:11-7?
A common citation format is "New Jersey Statutes § 14a:11-7" (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 § 14a:11-7 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.