New Jersey § 15A:10-10 Sale or other disposition of assets in regular course of activities and mortgage or pledge of assets

New Jersey Statutes

§ 15A:10-10 — Sale or other disposition of assets in regular course of activities and mortgage or pledge of assets

New Jersey § 15A:10-10

Title 15ACORPORATIONS, NONPROFIT

This text of New Jersey § 15A:10-10 (Sale or other disposition of assets in regular course of activities and mortgage or pledge of assets) 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. § 15A:10-10 (2026).

Text

The sale, lease, exchange, or other disposition of all, or substantially all, the assets of a corporation in the usual and regular course of its activities as conducted by the corporation, and the mortgage or pledge of any or all the assets of a corporation whether or not in the usual and regular course of activities as conducted by the corporation, may be made upon terms and conditions and for a consideration, which may consist in whole or in part of money or property, real or personal, including shares, bonds or other securities of any domestic corporation, foreign corporation, or any corporate business entity as shall be authorized by its board. Unless otherwise provided in the certificate of incorporation or bylaws, no approval of the members shall be required. L.1983, c. 127, s. 15A:1

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The sale, lease, exchange, or other disposition of all, or substantially all, the assets of a corporation in the usual and regular course of its activities as conducted by the corporation, and the mortgage or pledge of any or all the assets of a corporation whether or not in the usual and regular course of activities as conducted by the corporation, may be made upon terms and conditions and for a consideration, which may consist in whole or in part of money or property, real or personal, including shares, bonds or other securities of any domestic corporation, foreign corporation, or any corporate business entity as shall be authorized by its board. Unless otherwise provided in the certificate of incorporation or bylaws, no approval of the members shall be required. L.1983, c. 127, s. 15A:10-10, eff. Oct. 1, 1983.