New Jersey § 14A:5-13 Shares owned or controlled by the corporation not voted or counted

New Jersey Statutes

§ 14A:5-13 — Shares owned or controlled by the corporation not voted or counted

New Jersey § 14A:5-13

Title 14ACORPORATIONS, GENERAL

This text of New Jersey § 14A:5-13 (Shares owned or controlled by the corporation not voted or counted) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 14A:5-13 (2026).

Text

A corporation holding its own shares shall not vote those shares at any meeting and those shares shall not be counted in determining the total number of outstanding shares at any given time. If the corporation holds a majority of the shares entitled to vote for the election of directors of another domestic corporation or a foreign corporation, shares of the corporation held by such other domestic corporation or foreign corporation shall not be voted at any meeting or counted in determining the total number of outstanding shares at any given time. L.1968, c.350; amended 1988,c.94,s.19.

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A corporation holding its own shares shall not vote those shares at any meeting and those shares shall not be counted in determining the total number of outstanding shares at any given time. If the corporation holds a majority of the shares entitled to vote for the election of directors of another domestic corporation or a foreign corporation, shares of the corporation held by such other domestic corporation or foreign corporation shall not be voted at any meeting or counted in determining the total number of outstanding shares at any given time. L.1968, c.350; amended 1988,c.94,s.19.