New Jersey Statutes
§ 15A:11-1 — Limitations on rights of dissenting members
New Jersey § 15A:11-1
JurisdictionNew Jersey
Title 15ACORPORATIONS, NONPROFIT
This text of New Jersey § 15A:11-1 (Limitations on rights of dissenting members) 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:11-1 (2026).
Text
A member of a domestic corporation shall not have the right to dissent from any merger, consolidation, sale of assets, or amendment of the certificate of incorporation or bylaws, nor shall any member have the right to be paid the value of any membership held by the member of a domestic corporation effecting any transaction. The transaction shall not be enjoined, preliminarily or permanently, except upon a showing that the transaction is fraudulent or is fundamentally unfair to any member and, in the action, the member or members complaining thereof shall have the burden of showing fraud or fundamental unfairness. L.1983, c. 127, s. 15A:11-1, eff. Oct. 1, 1983.
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Bluebook (online)
New Jersey § 15A:11-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/15A/15A%3A11-1.