New Jersey Statutes 15A:9-3. Class voting on amendments
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Terms Used In New Jersey Statutes 15A:9-3
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Notwithstanding any provision in the certificate of incorporation, the members of a class, with or without voting rights, whose voting or other rights or preferences or privileges would be subordinated or otherwise adversely affected by a proposed amendment, shall be entitled to vote as a class thereon.
L.1983, c. 127, s. 15A:9-3, eff. Oct. 1, 1983.