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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 52: Business development corporations; purposes
Section: 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.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:52-13 (if available):
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