Terms Used In New Jersey Statutes 16:12-9

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • parish: when used in this chapter shall be construed to be equivalent to "congregation" whenever necessary to carry out the object and intent of the chapter. See New Jersey Statutes 16:12-17
  • Quorum: The number of legislators that must be present to do business.
16:12-9. To constitute a quorum of the vestry there must be present either:

a. The rector, one of the wardens and a majority of the vestrymembers; or

b. The rector, both wardens and one less than a majority of the vestrymembers; or

c. The rector and two-thirds of the vestrymembers; or

d. If the rector is absent from the diocese, or is incapable of acting, and shall have been so absent or incapable for more than three calendar months, or if the meeting is called by the rector and the rector is absent therefrom, or if the meeting is called by the wardens or vestrymembers and the rector is absent therefrom, one warden and a majority of the vestrymembers, or both wardens and one less than a majority of the vestrymembers.

If there is a rector called to or settled in the parish, no action shall be taken in the rector’s absence, relating to or affecting the personal or exclusive rights of the rector, or the alienation of the capital or principal of any investments held by the corporation, or the sale of its real estate, or the encumbrance thereof, except as may be necessary for ordinary repairs.

amended 2017, c.151, s.6.