17:9A-193 - Officers and managers; compensation - New Jersey Statutes

17:9A-193.  Officers and managers;  compensation
    A savings bank may pay its managers for attendance at meetings of the board,  or for service upon committees, or for other service rendered, such reasonable  compensation as shall be from time to time fixed by a vote of a majority of the  board of managers;  and it may pay its officers and employees such reasonable  compensation as shall be fixed by the managers. The commissioner may direct  that the amount of such compensation be reduced if in his judgment it is  excessive.

     L.1948, c. 67, p. 334, s. 193.