Updates law governing votes by shareholders for items other than for election of members to board of directors.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill updates New Jersey law regarding how shareholders vote on matters other than electing board members. It clarifies that shareholder votes for these items require a majority of shares cast, unless the company’s certificate of incorporation or bylaws specify a different threshold. The bill also allows companies to specify that certain share classes vote as a single unit on these matters.
Bill text
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Document of record
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