New Jersey Statutes 15A:6-1. Board of trustees
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 15A:6-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The activities of a corporation shall be managed by its board, except as in this act or in its certificate of incorporation otherwise provided. Trustees shall be at least 18 years of age and need not be United States citizens or residents of this State or members of the corporation unless the certificate of incorporation or bylaws so require. The certificate of incorporation or bylaws may prescribe other qualifications for trustees.
L.1983, c. 127, s. 15A:6-1, eff. Oct. 1, 1983.