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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 9a:
Section: 17:9a-77: By-laws; limitations on powers of directors
A board of directors which shall be empowered to make, alter and repeal by-laws may not, however, exercise such power with respect to by-laws
(1) fixing the number of directors of the bank or the manner and time of determining such number;
(2) establishing the requirement for calling a special meeting of the stockholders; or
(3) setting forth the manner in which the by-laws may be made, altered or repealed.
L.1948, c. 67, p. 254, s. 77.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:9a-77 (if available):
Court decisions that cite this statute:
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