{"data":{"id":"us-nj/n.j.-stat.-14a-5-9","jurisdiction":"us-nj","citation":"N.J. Stat. § 14A:5-9","heading":"Quorum of shareholders","body":"(1) Unless otherwise provided in the certificate of incorporation or this act, the holders of shares entitled to cast a majority of the votes at a meeting shall constitute a quorum at such meeting.  The shareholders present in  person or by proxy at a duly organized meeting may continue to do business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum.  Less than a quorum may adjourn.\n(2) Whenever the holders of any class or series of shares are entitled to vote separately on a specified item of business, the provisions of this section  shall apply in determining the presence of a quorum of such class or series for  the transaction of such specified item of business.\nL.1968, c.350.","path":["TITLE 14A CORPORATIONS, GENERAL"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"5f852c9312408a25dc41e4f3023c1715b778107ff7fec8e7335b96d3540c29c8","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-14a-5-8","next":"us-nj/n.j.-stat.-14a-5-10"},"notice":"GroundRules: Original legal text. Not legal advice."}