N.J.S.A 17:52-13. Directors

17:52-13. Directors

The business and affairs of every business development corporation shall be managed by a board of directors consisting of not less than 9 and not more than 18, as the by-laws may prescribe. Not less than 2/3 of the directors shall be elected by the members of the corporation, and the remainder shall be elected by the stockholders.

L.1957, C.218, p. 759, s.13.

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