New Jersey A3606 updates the law on shareholder votes for matters other than director elections.

New Jersey A3606 amends the statute concerning votes at shareholder meetings, specifically for actions other than the election of directors. The bill updates the law to clarify that such votes must be authorized by a majority of the votes cast at a meeting by the holders of shares entitled to vote, unless a greater vote is required by the certificate of incorporation or another section of the law. The bill applies to votes that take place on or after the date of enactment.

New Jersey A3606 updates the law on shareholder votes for matters other than director elections.

New Jersey A3606 amends the statute concerning votes at shareholder meetings, specifically for actions other than the election of directors. The bill updates the law to clarify that such votes must be authorized by a majority of the votes cast at a meeting by the holders of shares entitled to vote, unless a greater vote is required by the certificate of incorporation or another section of the law. The bill applies to votes that take place on or after the date of enactment.