15A:6-2. Number of trustees
83 words·~1 min read·
/nj/title-15a/chapter-6/15a-6-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The number of trustees of a corporation shall be not less than three. Subject to any provisions contained in the certificate of incorporation, the bylaws shall specify the number of trustees or that the number of trustees shall not be less than a stated minimum or more than a stated maximum, with the actual number to be determined in the manner prescribed in the bylaws, except as to the number constituting the first board.
L.1983, c. 127, s. 15A:6-2, eff. Oct. 1, 1983.