New Jersey Statutes 17:14A-24. Directors; number; election; term
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The affairs of a safe deposit company shall be managed by a board of at least five directors elected by the stockholders of the company at each annual meeting. The persons receiving the greatest number of votes shall be the directors. The directors shall hold office for one year and until their successors are elected and qualified.
L.1983, c. 566, s. 17:14A-24