18A:18B-6 - Trustees; compensation - New Jersey Statutes

18A:18B-6.  Trustees;  compensation
    No trustee shall be paid a salary, except that the written trust instrument  may provide for reimbursement for actual expenses incurred on behalf of the  trust fund and for compensation not to exceed $200.00 for any day or portion of  a day spent at a meeting of the trustees.  Except as otherwise provided in this  act, no trustee shall enter into any contract with the group or receive any  moneys or other compensation or thing of value whatsoever from the group for  services performed for or on behalf of the group.

     L.1983, c. 108, s. 6, eff. March 15, 1983.