14A:2-8. Organization meeting of directors
107 words·~1 min read·
/nj/title-14a/chapter-2/14a-2-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On or after the effective date of the certificate of incorporation, an organization meeting of the board named in the certificate of incorporation shall be held, at the call of a majority of the board so named, to adopt by-laws, elect officers, authorize the issuance of shares, and transact such other business as may come before the meeting. The board members calling the meeting shall give at least 5 days' notice thereof by mail to each director named in the certificate of incorporation, which notice shall state the time and place of the meeting.
L.1968, c.350.; amended by L.1973, c. 366, s. 6, eff. May 1, 1974.