17:27-5.2 - Approval of agreement - New Jersey Statutes

17:27-5.2.  Approval of agreement    The agreement must be assented to by vote of   2/3   of the number of directors of each corporation and must be approved by the members of each corporation by a majority of the votes cast in person or by proxy at a general or special meeting, upon notice stating the time, place and object of the meeting, served at least 30 days previously upon each member personally or mailed to him at his last known address and also published at least once a week  for 4 weeks successively in some newspaper printed in the county where such  corporation has its principal office, and there shall be indorsed 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 members.

     L.1956, c. 149, p. 615, s. 2.