Certificate of Incorporation: Restricting Shareholder Action by Less Than Unanimous Written Consent (NJ) | Practical Law

Certificate of Incorporation: Restricting Shareholder Action by Less Than Unanimous Written Consent (NJ) | Practical Law

A Standard Clause for a New Jersey corporation's certificate of incorporation restricting shareholder action by less than unanimous written consent, with alternative provisions that either prohibit such action or require a meeting or unanimous or supermajority consent for certain actions. This Standard Clause has integrated notes with important explanations and drafting tips.

Certificate of Incorporation: Restricting Shareholder Action by Less Than Unanimous Written Consent (NJ)

by Practical Law Corporate & Securities
Law stated as of 07 Jul 2023New Jersey
A Standard Clause for a New Jersey corporation's certificate of incorporation restricting shareholder action by less than unanimous written consent, with alternative provisions that either prohibit such action or require a meeting or unanimous or supermajority consent for certain actions. This Standard Clause has integrated notes with important explanations and drafting tips.