17:45A-4 - Vote percentage required for approval; certificate to Commissioner of Banking and Insurance - New Jersey Statutes

17:45A-4.  Vote percentage required for approval;  certificate to Commissioner of Banking and Insurance
    If, at the meeting held pursuant to the notice required by section 3 of this  act, or at any adjournment thereof,   2/3   of the members present vote in  favor of the plan and resolution so adopted by the board of directors or board  of trustees, or in favor of an amendment thereof or a substitute therefor, a  certificate thereof signed by the secretary, and acknowledged or proved as in  the case of deeds to real property, shall be submitted to the Commissioner of  Banking and Insurance.  The certificate shall set forth the plan and resolution  adopted, and the approval thereof in the manner herein provided.

     L.1955, c. 230, p. 890, s. 4.