17:9A-189 - Board of managers; change in number - New Jersey Statutes

17:9A-189.  Board of managers;  change in number
    A.  Subject to the provisions of subsection L of section one hundred eighty-eight, the board of managers may, from time to time, increase or decrease the number of managers within the limits prescribed by subsection A of  section one hundred eighty-eight;  provided, that, except to the extent permissible pursuant to subsection I of section one hundred eighty-eight, (1) the number of managers after such increase or decrease shall be a multiple of three, and (2) such increase or decrease shall not create a disparity between the numbers of members in the several classes.

    B.  A copy of the resolution changing the number of managers, certified by two officers of the savings bank, shall be filed in the department within fifteen days after its adoption.

     L.1948, c. 67, p. 333, s. 189.  Amended by L.1948, c. 406, p. 1612, s. 2.