NJ Legislature Passes Bills To Loosen Corporate Regs

Law360, New York (February 7, 2013, 5:23 PM EST) -- The New Jersey Legislature on Thursday passed a trio of bills that would make it easier for corporations to do business in the state by relaxing laws regarding hostile takeovers, shareholder participation and derivative lawsuits.

The three-bill package advanced through the state Senate’s commerce committee in January, and was was passed by both the Senate and the General Assembly. The package, sponsored by Sen. Nia H. Gill, D-Essex, would change New Jersey’s Shareholder’s Protection Act, the New Jersey Business Corporation Act and the state law concerning...
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