New Jersey Statutes 14A:5-25. Selection of inspectors
Terms Used In New Jersey Statutes 14A:5-25
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
(2) If inspectors to act at any meeting of shareholders are not so appointed by the board or as otherwise provided in the by-laws or shall fail to qualify, the person presiding at a shareholders’ meeting may, and on the request of any shareholder entitled to vote thereat, shall, make such appointment.
(3) In case any person appointed as inspector fails to appear or act, the vacancy may be filled by appointment made by the board in advance of the meeting or at the meeting by the person presiding at the meeting.
(4) If the by-laws require inspectors at any shareholders’ meeting, such requirement is waived unless compliance therewith is requested by a shareholder entitled to vote at such meeting.
(5) Each inspector, before entering upon the discharge of his duties, shall take and sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of his ability.
(6) No person shall be elected a director in an election for which he has served as an inspector.
L.1968, c.350; amended by L.1973, c. 366, s. 18, eff. May 1, 1974.