New Jersey Statutes 17:13-94. Bylaws; approval of commissioner
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Terms Used In New Jersey Statutes 17:13-94
- 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
Every credit union shall, by majority vote of its members, adopt bylaws consistent with the laws of this State. The bylaws may be amended from time to time. A copy of the bylaws and all amendments thereto shall be certified by the secretary and forwarded to the commissioner, but shall not become effective until approved by the commissioner. If the commissioner does not approve the bylaws or any amendments thereto within 30 days of their submission, they shall be deemed approved. Upon the commissioner’s approval the bylaws or any amendments thereto shall be filed with the department.
L.1984, c. 171, s. 16, eff. Oct. 31, 1984.