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NEW JERSEY STATUTES AND CODES

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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