17:27-2 - Approval by directors and stockholders; notice of meetings - New Jersey Statutes

17:27-2.  Approval by directors and stockholders;  notice of meetings    The agreement must be assented to by vote of the majority of the number of directors of each corporation and must be approved by the votes of stockholders  owning at least two-thirds of the stock of each corporation voted in person or  by proxy at a meeting called separately for that purpose, upon notice stating  the time, place and object of the meeting, served at least thirty days  previously upon each stockholder personally or mailed to him at his last known  address and also published at least once a week for four weeks successively in  some newspaper printed in the county where such corporation has its principal  office, and there shall be endorsed upon the agreement a certificate of the  secretaries of the respective corporations under the seals thereof to the  effect that the same has been assented to by such votes of the directors and  approved by such votes of the stockholders.

     Amended by L.1938, c. 259, p. 575, s. 2.