NJ A6121

Amends N.J.S.14A:5-11 to allow corporate bylaws to establish that shareholder actions (other than director elections) may be authorized by a majority of shares present or represented by proxy at a meeting, rather than only a majority of votes cast

Replaces the term "plurality" with "vote" when referring to greater vote requirements that may be set by certificates of incorporation

Updates statutory references throughout from "this act" to the specific citation "N.J.S.14A:1-1 et seq."

Maintains existing rules that shareholder actions other than director elections require majority approval of votes cast unless the certificate of incorporation or other law requires a greater threshold

Takes effect immediately and applies to shareholder votes occurring on or after the enactment date