The proceedings, orders and acts of a majority of all the members of the corporation, but not of a less number, shall be valid and effectual.
N.J. Stat. Ann. § 16:4-5
Corporate action by majority vote of members
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.