New Jersey § 48:12-128
Full text of New Jersey New Jersey Statutes § 48:12-128, with citation guidance and answers to common questions.
§ 48:12-128.
The directors of the several companies parties to the proposed consolidation or merger
may enter into a joint agreement under seal for their consolidation or merger, prescribing: a. The terms and conditions thereof and the mode of carrying the same into effect;
and b. In case of a consolidation, the name of the new corporation, the number, names
and places of residence of the first directors and officers, and how and when directors
and officers shall be chosen, the location of the principal office in this State which
shall be at some point on the line of the road, the number of shares of capital stock
of which not more than two-thirds shall be preferred stock, the amount or par value
of each share and the manner of converting the capital stock of each company thereby
consolidated into the stock or securities of the new company, or of otherwise disposing
of the same, with such other details as shall be deemed necessary to perfect such
consolidation and new organization; and c. In case of a merger of one or more companies into another, the price, if any, to
be paid and the manner of paying the same by the acquiring company for the stock,
property and franchises of the company or companies to be merged and the manner of
disposing of such stock, and such other details as shall be deemed necessary to perfect
such merger; and setting forth the name of the acquiring company, with the State
or States in which it is incorporated, which company shall survive and continue as
a corporation of such State or States; but in such case of a merger, where no new
company is created, it shall not be necessary to state in such joint agreement the
provisions specified in subdivision b of this section with respect to directors and
officers, principal office in this State, or the number, amount or par value of shares
of capital stock, of the acquiring or surviving company, unless, and then only to
the extent that, changes in respect of such matters are to be made by such joint agreement.
Frequently Asked Questions About New Jersey § 48:12-128
What does New Jersey Statutes § 48:12-128 cover?
Section 48:12-128 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 § 48:12-128?
A common citation format is "New Jersey Statutes § 48:12-128" (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 § 48:12-128 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.