New Jersey Statutes 15A:6-9. Executive committee; other committees
Terms Used In New Jersey Statutes 15A:6-9
- 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.
- Trustee: A person or institution holding and administering property in trust.
(1) Make, alter or repeal any bylaw of the corporation;
(2) Elect or appoint any trustee, or remove any officer or trustee;
(3) Submit to members any action that requires members’ approval; or
(4) Amend or repeal any resolution previously adopted by the board.
b. The board, by resolution adopted by a majority of the entire board, may:
(1) Fill any vacancy in any committee;
(2) Appoint one or more trustees to serve as alternate members of any committee, to act in the absence or disability of members of any committee with all the powers of the absent or disabled members;
(3) Abolish any committee at its pleasure; and
(4) Remove any trustee from membership on a committee at any time, with or without cause.
c. Actions taken at a meeting of any committee shall be reported to the board at its next meeting following the committee meeting; except that, when the meeting of the board is held within 2 days after the committee meeting, the report shall, if not made at the first meeting, be made to the board at its second meeting following the committee meeting.
d. The designation of any committee and the delegation thereto of authority shall not operate to relieve the board, or any member thereof, of any responsibility imposed by law.
L.1983, c. 127, s. 15A:6-9, eff. Oct. 1, 1983.