An owner of a corporation cannot be moved out except in accordance with the bylaws
of the corporation. If the bylaws do not provide for removal, then the NJ statute provides the board may remove a director (not as a shareholder
without buying them out).
NJ Statute 14A:6-6. Removal of directors
(1) One or more or all the directors of a corporation may be removed for cause or, unless otherwise provided in the certificate of incorporation, without cause by the shareholders by the affirmative vote of the majority of the votes cast by the holders of shares entitled to vote for the election of directors.
(2) Unless otherwise provided in the certificate of incorporation, the removal of directors, with or without cause, by vote of the shareholders as provided in subsection 14A:6-6(1), is subject to the following qualifications...
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