17:17A-2. Interlocking directorate
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/nj/title-17/chapter-17a/17-17a-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person otherwise qualified may be a director of two or more insurers having a common management but no such interlocking directorate shall be used as a means of substantially lessening competition generally in the business or of creating a monopoly therein.
L.1948, c. 157, p. 893, s. 2.