NJ Senate Panel Moves To Relax Corporate Regulation

Law360, New York (January 14, 2013, 10:14 PM EST) -- The New Jersey Senate’s Commerce Committee on Monday advanced a trio of bills that would amend state laws regulating hostile takeovers, shareholder participation and derivative lawsuits in order to make it easier to do business in the state.

The three-bill package, which was sponsored by committee Chairman Sen. Nia H. Gill, D-Essex, includes changes to the New Jersey Shareholder’s Protection Act, the New Jersey Business Corporation Act and the state law concerning shareholder derivative proceedings. The package passed unanimously and will head to the Senate floor...
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