4:13-24 - Voting - New Jersey Statutes

4:13-24.  Voting
    No member shall be entitled to more than one vote except as herein provided.   No vote by proxy shall be received.  Absent members may, under rules  prescribed in the bylaws, be permitted to vote on specific questions by ballots  deposited with the secretary, or other proper officer of the association, by  mail, which ballots shall be counted only at the meeting at which such specific  questions are voted upon.  Where the bylaws of an association provide for  voting by mail ballot such mail ballots shall be counted the same as members  present and acting for the purpose of a quorum.

    If so provided in the bylaws, the holders of preferred stock that is limited  to producers or associations of producers may have voting power.

     Amended by L.1966, c. 286, s. 20;  L.1971, c. 324, s. 14, eff. Oct. 28, 1971.