17:26-3 - Adoption of amended charter - New Jersey Statutes

17:26-3.  Adoption of amended charter
    When any stock or mutual insurance company of this state has adopted an amendment to its charter, as hereinbefore provided, the stockholders or members  of the company, at the time of adopting the amendment, may adopt and ratify in  its entirety an amended charter to the end that the amended charter shall fully  and completely set forth all the terms and conditions of the charter under  which the company shall thereafter transact business. The amended charter  shall contain only those provisions which an original certificate of  incorporation may lawfully contain, and the rights, remedies or security of  existing creditors shall not be impaired by the adoption of the amended  charter.  The amended charter shall be executed, acknowledged, approved and  filed in the manner hereinbefore provided for amendments of charters.