16:2-6. Organization for business; president
41 words·~1 min read·
/nj/title-16/chapter-2/16-2-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of trustees of every such corporation shall, as soon as practicable after their election, organize for business by appointing one of their number president, who shall have custody of the deeds and muniments of title of the corporate property.