New Jersey § 15A:10-2 Procedure for consolidation

New Jersey Statutes

§ 15A:10-2 — Procedure for consolidation

New Jersey § 15A:10-2

Title 15ACORPORATIONS, NONPROFIT

This text of New Jersey § 15A:10-2 (Procedure for consolidation) 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:10-2 (2026).

Text

a. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this act. b. The board of each corporation shall approve a plan of consolidation setting forth:

(1)the names of corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation;

(2)the terms and conditions of the proposed consolidation;

(3)the manner and basis of converting the memberships of each corporation, in whole or in part, into memberships or obligations of the new corporation or into cash or other property;

(4)with respect to the new corporation, all of the statements required to be set forth in the certificate of incorporati

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a. Any two or more domestic corporations may consolidate into a new corporation pursuant to a plan of consolidation approved in the manner provided in this act. b. The board of each corporation shall approve a plan of consolidation setting forth: (1) the names of corporations proposing to consolidate, and the name of the new corporation into which they propose to consolidate, which is hereinafter designated as the new corporation; (2) the terms and conditions of the proposed consolidation; (3) the manner and basis of converting the memberships of each corporation, in whole or in part, into memberships or obligations of the new corporation or into cash or other property; (4) with respect to the new corporation, all of the statements required to be set forth in the certificate of incorporation for corporations organized under this act, except that it shall not be necessary to set forth the name and address of each incorporator; and (5) any other provisions with respect to the proposed consolidation as are deemed necessary or desirable. L.1983, c. 127, s. 15A:10-2, eff. Oct. 1, 1983.