17:9A-146 - Action to enjoin merger - New Jersey Statutes

17:9A-146.  Action to enjoin merger
    A.  A stockholder may, not later than five days prior to the date of the meeting called pursuant to section one hundred thirty-seven institute an action  in the Superior Court to enjoin the merger on the ground that the agreement is  unfair or inequitable, or contrary to law.  The court may proceed in the action  in a summary manner or otherwise.

    B.  A stockholder who fails to institute an action as specified in subsection A of this section shall thereafter be forever barred from bringing any action to enjoin, set aside, or otherwise affect such merger.

     L.1948, c. 67, p. 288, s. 146.  Amended by L.1953, c. 17, p. 170, s. 26.