N.J. Admin. Code § 11:2-6.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-6.7 - Stocks and principal stockholders

(a) As to each class of voting stock of the insurer entitled to be voted at the meeting, the proxy statement shall state:

1. The number of shares outstanding; and

2. The number of votes to which each class is entitled.

(b) The proxy statement shall give the date as of which the record list of stockholders entitled to vote at the meeting will be determined.

(c) If the right to vote is not limited to stockholders of record on that date, the proxy statement shall indicate the conditions under which other stockholders may be entitled to vote.

(d) If action is to be taken with respect to the election of directors, and if the persons solicited have cumulative voting rights, the proxy statement shall state:

1. That they have such rights; and

2. The conditions precedent to the exercise thereof.

N.J. Admin. Code § 11:2-6.7