14A:5-15 - Shares held by fiduciaries - New Jersey Statutes

14A:5-15.  Shares held by fiduciaries
    Shares held by any person in any representative or fiduciary capacity may be  voted by him without a transfer of such shares into his name.  Where shares are  held jointly by any number of fiduciaries, and the instrument or order  appointing such fiduciaries does not otherwise direct, such shares shall be  voted as the majority of such fiduciaries shall determine.  If the fiduciaries  are equally divided as to how the shares shall be voted, any court having  jurisdiction may, in an action brought by any of such fiduciaries or by any  beneficiary, appoint an additional person to act with such fiduciaries in such  matter, and the stock shall be voted by the majority of such fiduciaries and  such additional person.  The court may proceed in the action in a summary  manner or otherwise.
L.1968, c.350.