17:12B-257 - Voting rights of stockholders - New Jersey Statutes

17:12B-257.  Voting rights of stockholders    a.  Each stockholder owning shares of capital stock with voting rights shall  be entitled to vote at any meeting of the capital stock association. Each  capital stock association shall set forth in its bylaws the voting rights of  its stockholders.  Each holder of shares of capital stock shall be entitled to  one vote for each voting share on each matter submitted to a vote at a meeting  of stockholders.

    b.  Stockholders may vote by written proxy if the bylaws so provide and the  bylaws may prohibit voting by persons who have become stockholders within 60  days of the date when the vote is cast.

    c.  Each share of stock held jointly shall be allowed one vote.

     L.1974, c. 137, s. 28, eff. Oct. 23, 1974.