15A:5-11 - Votes required - New Jersey Statutes

15A:5-11.  Votes required
    a.  Whenever any action, other than the election of trustees is to be taken  by vote of the members, it shall be authorized by a majority of the votes cast  at a meeting of members by the members entitled to vote thereon, unless a  greater plurality is required by the certificate of incorporation or bylaws or  another section of this act.

    b.  The certificate of incorporation or bylaws may provide that any class or  classes of members shall vote as a class to authorize any action, including  amendments to the certificate of incorporation or bylaws.  Voting as a class  shall be in addition to any other vote required by this act. Where voting as a  class is provided in the certificate of incorporation or bylaws it shall be by  the proportionate vote so provided for or, if no proportionate vote is  provided, then for any action other than the election of trustees, by a  majority of the votes cast at the meeting by the members of the class entitled  to vote thereon.

    c.  Where voting as a class is required by this act to authorize any action,  the action shall be authorized by a majority of the votes cast at the meeting  by the members of each class entitled to vote thereon, unless a greater vote is  required by the certificate of incorporation, the bylaws, or another section of  this act.  Voting as a class shall be in addition to any other vote required by  this act.

     L.1983, c. 127, s. 15A:5-11, eff. Oct. 1, 1983.