New Jersey § 43:17-4

§ 43:17-4.

Any association organized prior to March twenty-fifth, one thousand eight hundred

and eighty-five, for the purposes intended by this article, whether incorporated or

not, shall be reorganized and incorporated or reincorporated under this article, except

corporations which have been created or continued by special act of the legislature. A corporation incorporated by special act may, if it sees fit, be reorganized and

reincorporated under this article. In case of incorporation or reincorporation, the president and secretary shall sign,

record and file a certificate as provided in R.S.43:17-2 . Thereupon the association or corporation shall be a corporation under this article

and shall have all the powers and privileges conferred by this article on corporations

formed under it, and no other powers or privileges. A corporation reorganized and reincorporated under this article shall succeed to

and be seized of all the right, title and interest in any property belonging to it

under its former organization. The representatives, trustees and other officers of any association or corporation reorganized and incorporated

or reincorporated under this article, shall continue to serve as such until the election

following the reorganization, and until their successors are respectively elected,

and not thereafter, and the membership thereof shall be subject to the same conditions

and have the same rights as provided in R.S.43:17-9 . If any such association or corporation shall not have been reorganized and incorporated

or reincorporated under this article within one year after March twenty-fifth, one

thousand eight hundred and eighty-five, it shall be deemed to have forfeited its charter.