Corporate action by majority vote; right to vote

1. Law
2. New Jersey Revised Statutes
3. Corporations and Associations, Religious
4. Corporate action by majority vote; right to vote

16:13-7. Corporate action by majority vote; right to vote

The proceedings, orders and acts of a majority of all the members of the corporation, but not of a less number, shall be valid and effectual. No member shall be allowed to vote on any matter which immediately affects himself, his private interest or emolument.

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