{"data":{"id":"us-nj/n.j.-stat.-48-12-16","jurisdiction":"us-nj","citation":"N.J. Stat. § 48:12-16","heading":"Change of name;  extension of corporate existence;  change in amount and classes of stock","body":"Every railroad company may, by certificate and proceeding in the manner prescribed by sections 14:11-1 to 14:11-5 of the title Corporations, General:\na.  Change its name;\nb.  Decrease or increase its capital stock;\nc.  Create one or more classes of preferred stock or prior preference or other special stock;\nd.  Extend its corporate existence;\ne.  Change the par value of any class or all classes of the shares of its capital stock with par value;\nf.  Change the number of its outstanding shares of any class of stock into a  different number of shares of said class;\ng.  Change its preferred or special stock into one or more classes of preferred or special or common stock, or any or all of them;\nh.  Change its common stock into one or more classes of preferred or special  or other common stock, or any or all of them;\ni.  Change stock with par value (of any class or classes) into stock without  par value of the same or of a different class or classes;\nj.  Change stock without par value into stock with par value of the same or  of a different class or classes, either with or without increasing or decreasing the number of shares;\nk.  Provide for funding or satisfying rights in respect to dividends in arrears by the issuance of stock therefor or otherwise;\nl.    Provide for the creation and issuance of optional rights to subscribe to stock;\nm.  Make other provision for the readjustment or reclassification of all or  part of its capital stock;  or\nn.  Alter or amend existing provisions for the regulation of the management  and affairs of the corporation.","path":["TITLE 48 PUBLIC UTILITIES"],"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":"6dd914e6943581e05a66405c9d5e58431d733703b9cf550b7daf3d66a857ac3c","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-48-12-15","next":"us-nj/n.j.-stat.-48-12-17"},"notice":"GroundRules: Original legal text. Not legal advice."}