14A:5-16 - Shares held jointly or as tenants in common - New Jersey Statutes

14A:5-16.  Shares held jointly or as tenants in common
    Shares held by two or more persons as joint tenants or as tenants in common  may be voted at any meeting of the shareholders by any one of such persons,  unless another joint tenant or tenant in common seeks to vote any of such  shares in person or by proxy.  In the latter event, the written agreement, if  any, which governs the manner in which such shares shall be voted, shall  control if presented at the meeting.  If there be no such agreement presented  at the meeting, the majority in number of such joint tenants or tenants in  common present shall control the manner of voting. If there be no such  majority, or if there be two such joint tenants or tenants in common, both of  whom seek to vote such shares, the shares shall, for the purpose of voting, be  divided equally among such joint tenants or tenants in common present.
 
L.1968, c.350.