New Jersey § 14a:5-2
Full text of New Jersey New Jersey Statutes § 14a:5-2, with citation guidance and answers to common questions.
§ 14a:5-2.
An annual meeting of the shareholders shall be held at such time as may be provided
in the by-laws, or as may be fixed by the board pursuant to authority granted in the by-laws, and, in the absence of such a provision, at noon on the first Tuesday of April. Failure to hold the annual meeting at the designated time, or to elect a sufficient
number of directors at such meeting or any adjournment thereof, shall not affect otherwise
valid corporate acts or work a forfeiture or dissolution of the corporation. If the annual meeting for election of directors is not held on the date designated
therefor, the directors shall cause the meeting to be held as soon thereafter as convenient. If there is a failure to hold an annual meeting for a period of 30 days after the
date designated therefor, or if no date has been designated for a period of 13 months
after the organization of the corporation or after its last annual meeting, the Superior
Court may, upon the application of any shareholder, summarily order the meeting or
the election, or both, to be held at such time and place, upon such notice and for
the transaction of such business as may be designated in such order. At any meeting ordered to be called pursuant to this section, the shareholders present
in person or by proxy and having voting powers shall constitute a quorum for the transaction
of the business designated in such order.
Frequently Asked Questions About New Jersey § 14a:5-2
What does New Jersey Statutes § 14a:5-2 cover?
Section 14a:5-2 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:5-2?
A common citation format is "New Jersey Statutes § 14a:5-2" (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:5-2 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.