New Jersey § 15a:12-16
Full text of New Jersey New Jersey Statutes § 15a:12-16, with citation guidance and answers to common questions.
§ 15a:12-16.
a. Dissolution proceedings commenced pursuant to sections 15A:12-3 , 15A:12-4 , 15A:12-5 , 15A:12-6 , or 15A:12-7 may be revoked at any time within 60 days after the effective time of dissolution,
as determined pursuant to section 15A:12-14 , if no disposition of corporate assets has been made and no proceeding pursuant to section 15A:12-21 is pending, by filing in the office of the Secretary of State an original and a copy
of a certificate of revocation signed, in person or by proxy, by all of the members
or, if there are no members entitled to vote thereon, by all of the trustees, stating
that revocation is effective pursuant to subsection a. of this section and that all
the members or, if there are no members entitled to vote thereon, all of the trustees
of the corporation have signed the certificate, in person or by proxy. In the case of a corporation dissolved pursuant to section 15A:12-7 , the certificate must be accompanied by an original and a copy of a certificate of
amendment executed by the same persons executing the certificate of revocation containing
the information set forth in subsection b. of section 15A:9-4 and extending the period of duration for a specified or indefinite period of time. The Secretary of State shall forward the copy of the certificate to the Attorney
General. b. In addition to the procedures for revocation of dissolution set forth in subsection
a. of this section, corporations having dissolved pursuant to section 15A:12-3 , 15A:12-4 or 15A:12-5 may also revoke the dissolution at any time within 60 days after the effective time
of dissolution, as determined pursuant to section 15A:12-14 , if no disposition of corporate assets has been made and no proceeding pursuant to section 15A:12-21 is pending, in the following manner: (1) The board of trustees shall call a meeting of members to vote upon the question
of revocation of the dissolution proceedings, and in connection with the meeting,
the members shall be given the same notice, and the revocation shall be approved by
the same vote, as that required by section 15A:12-4 for the approval of dissolution; if there are no members entitled to vote on the
revocation, the trustees must approve the revocation at a meeting of the board by
the same vote as that required by section 15A:12-5 for the approval of the dissolution; (2) If the members or trustees approve the revocation, an original and a copy of a
certificate of revocation shall be executed on behalf of the corporation and shall
be filed in the office of the Secretary of State, and the certificate shall state: (a) that dissolution is revoked pursuant to subsection b. of section 15A:12-16 ; (b) the matters required by subsections a., b., c., and d. of section 15A:12-10 ; (c) if the revocation of the dissolution is effected by the written consent of all
of its members or all of its trustees, that the certificate has been signed in person
or by proxy by all the members entitled to vote thereon or by all of the trustees
of the corporation; and (d) if the revocation of the dissolution is effected by action of its board and its
members, the text of the board resolution authorizing revocation, the date and place
of the meeting of members called to vote upon the revocation, the total number of
members entitled to vote on the revocation, the number of members present at the meeting,
the number of votes voted for and voted against the revocation and, where applicable,
the number of votes in each class voted for and voted against the revocation. The Secretary of State shall forward the copy to the Attorney General; (3) If approval of the dissolution of a corporation is required by a governmental
body or officer, and the approval has been given, approval of the revocation of that
body or officer must be filed with the certificate of revocation.
Frequently Asked Questions About New Jersey § 15a:12-16
What does New Jersey Statutes § 15a:12-16 cover?
Section 15a:12-16 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:12-16?
A common citation format is "New Jersey Statutes § 15a:12-16" (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:12-16 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.