17:13-94 - Bylaws; approval of commissioner - New Jersey Statutes

17:13-94.  Bylaws;  approval of commissioner
    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.