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We are called on to address certain questions of first impression regarding the law of business organizations in New Jersey. The opinion of the Court was delivered by Feinstein, Trenton, submitted a letter in lieu of brief on behalf of amicus curiae, New Jersey Chamber of Commerce (Sterns & Weinroth, attorneys).

Frese, Newark, for Public Service Enterprise Group Incorporated and Public Service Electric & Gas Company Gibbons, Del Deo, Dolan, Griffinger & Vecchione, Newark, for Leon R. James Ferland Connell, Foley & Geiser and William E. (Kasowitz, Benson, Torres & Friedman and Zazzali, Fagella & Nowak, New York City, for Lawrence R. Griffinger, Newark, argued the cause for respondents Steven E. Levison, New York City, argued the cause for respondents Lawrence R. Stricklin (Sherman, Silverstein, Kohl, Rose & Podolsky, attorneys, Pennsauken Mr. Rifkin, a member of the Pennsylvania, Paoli, PA and New Jersey bars, argued the cause for appellant G.E. Harold Datz Pension and Profit Sharing Plan (Cohn Lifland Pearlman Herrmann & Knopf, attorneys, Saddle Brook Ms. Ruthann Gordon, a member of the Pennsylvania bar, Philadelphia, PA, argued the cause for appellants Dr. Jackson, Defendant, Public Service Enterprise Group Incorporated, Nominal Defendant-Respondent. Miltenberger, Defendants-Respondents, Shirley A. Stricklin derivatively in her capacity as a shareholder, Plaintiff-Appellant, v. Public Service Enterprise Group Incorporated by G.E. Public Service Enterprise Group Incorporated and Public Service Electric & Gas Company, Nominal Defendants-Respondents. Hagan and Stanley LaBruna, Defendants-Respondents, Harold Datz Pension and Profit Sharing Plan, Plaintiff-Appellant, Gail Dorff, derivatively on behalf of and for the benefit of Public Service Enterprise Group, Incorporated and Public Service Electric & Gas Company, Plaintiff, v. Hagan and Stanley LaBruna, Defendants-Respondents, Public Service Enterprise Group Incorporated and Public Service Electric & Gas Company, Nominal Defendants-Respondents.Ī. Profit Sharing Plan, derivatively on behalf of and for the benefit of Public Service Enterprise Group, Incorporated and Public Service Electric & Gas Company, Plaintiffs-Appellants, v.