New Jersey – Legislation effective July 1 amends provisions regarding derivative proceedings

May 17, 2013

AB 3123/SB 2326 (Chapter 42) signed by the governor April 1 and effective July 1 amends existing provisions concerning derivative proceedings and shareholder class actions.  The bill text can be accessed at http://www.njleg.state.nj.us/2012/Bills/A3500/3123_R1.HTM.