New Jersey § 15A:12-1 Methods of dissolution

New Jersey Statutes

§ 15A:12-1 — Methods of dissolution

New Jersey § 15A:12-1

Title 15ACORPORATIONS, NONPROFIT

This text of New Jersey § 15A:12-1 (Methods of dissolution) 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:12-1 (2026).

Text

a. A corporation may be dissolved in any one of the following ways:

(1)by action of the incorporators or trustees pursuant to section 15A:12-2;

(2)by action of the members pursuant to section 15A:12-3;

(3)by action of the board and the members pursuant to section 15A:12-4;

(4)by action of the board pursuant to section 15A:12-5;

(5)by action of the members pursuant to section 15A:12-6;

(6)by the filing of a certificate of dissolution pursuant to section 15A:12-7 upon expiration of any period of duration stated in the corporation's certificate of incorporation;

(7)by a judgment of the Superior Court in an action brought pursuant to section 15A:12-11, 15A:12-12, or 15A:14-2 or otherwise; or (8) automatically by the Secretary of State revoking a certificate of incorporation as set forth

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a. A corporation may be dissolved in any one of the following ways: (1) by action of the incorporators or trustees pursuant to section 15A:12-2; (2) by action of the members pursuant to section 15A:12-3; (3) by action of the board and the members pursuant to section 15A:12-4; (4) by action of the board pursuant to section 15A:12-5; (5) by action of the members pursuant to section 15A:12-6; (6) by the filing of a certificate of dissolution pursuant to section 15A:12-7 upon expiration of any period of duration stated in the corporation's certificate of incorporation; (7) by a judgment of the Superior Court in an action brought pursuant to section 15A:12-11, 15A:12-12, or 15A:14-2 or otherwise; or (8) automatically by the Secretary of State revoking a certificate of incorporation as set forth in subsection c. of section 15A:4-5. b. A corporation which has been dissolved in a proceeding pursuant to section 15A:12-11 or 15A:12-12, or which has been dissolved, or the certificate of incorporation of which has been revoked, for a cause or by a method not mentioned in this section, shall be subject to all the provisions of this chapter and of chapter 14, to the extent that those provisions are compatible with a court-directed dissolution, or with the statute or common law proceeding pursuant to which the dissolution, or revocation is effected. L.1983, c. 127, s. 15A:12-1, eff. Oct. 1, 1983.