Corporate action by majority of members; presence in person; validity

N.J. Stat. § 16:1-5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The proceedings, orders and acts of a majority of the members of such corporation present in person at any duly convened annual or special meeting, but not of a less number shall be valid and effectual. Amended by L.1955, c. 124, p. 605, s. 1, eff. July 8, 1955.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

Starting a business in New Jersey? New Jersey LLC guide: costs and requirements