New Jersey § 15a:5-19

§ 15a:5-19.

a. An agreement between two or more members, if in writing and signed by the parties

thereto, may provide that in exercising any voting rights, the members shall vote

as therein provided, or as they may agree, or as determined in accordance with the

procedure agreed upon by them. b. A provision in the certificate of incorporation otherwise prohibited by law because

it improperly restricts the board in its management of the activities of the corporation,

or improperly transfers or provides for the transfer to one or more members or trustees

named in the certificate of incorporation or to be selected from time to time by members

or, if none, the trustees, all or any part of the management otherwise within the

authority of the board, shall nevertheless be valid if all the incorporators have

authorized the provision in the certificate of incorporation or all the members, whether

or not having voting power, or, if there are no members, the trustees have authorized

the provision in an amendment to the certificate of incorporation. c. A provision authorized by subsection b. of this section shall become invalid if,

to the knowledge of the board, or of the members or trustees having the management

authority otherwise in the board, subsequent to the adoption of the provision, memberships

are transferred or issued to any person who becomes a member without notice thereof,

unless that person consents in writing to the provision. d. If a provision authorized by subsection b. of this section becomes invalid as provided

in subsection c. of this section, the board, or the person or persons having the management

authority otherwise in the board, shall amend the certificate of incorporation to

delete the provision by filing a certificate of amendment in the office of the Secretary

of State. The certificate shall be executed on behalf of the corporation and shall set forth: (1) the name of the corporation; (2) the date of the adoption of the amendment; (3) the deleted provision; and (4) the event set forth in subsection c. of this section by reason of which the provision

has become invalid. e. The effect of any provision authorized by subsection b. of this section shall be

to grant to and impose upon the members or trustees vested with management authority

otherwise in the board the rights, powers, privileges, and liabilities, including

liability for managerial acts or omissions, that are granted to and imposed upon trustees

by law to the extent that, and so long as, the discretion and powers which otherwise

would be in the trustees in their management of corporate affairs are vested in the

members or trustees by any provision. The members or trustees shall be deemed to be trustees for purposes of applying

the provisions of this act and shall be deemed to be corporate agents for the purposes

of section 15A:3-5 . 1 f. If the certificate of incorporation contains a provision authorized by subsection

b. of this section, the existence of the provision shall be disclosed in writing in

advance of issuance or transfer of membership certificates, if any, and shall be noted

conspicuously on the face of the certificates; and, if noted, upon receipt of the

certificate a member shall conclusively be deemed to have become a member with notice

of the provision. A corporation may provide in its certificate of incorporation or bylaws that memberships

are not transferable until the transferor evidences proof that the proposed transferee

has notice of the provision. 1

So in original; probably should refer to N.J.S.A. § 15A:3-4.