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Code · New Jersey · Title 52 — Savings and Loan Associations [Repealed] · Chapter 16A

52:16A-106 Designation of chairpersons, subcommittee chairpersons; quorum.

149 words·~1 min read·/nj/title-52/chapter-16a/52-16a-106

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3. The Governor shall designate a chairperson or co-chairpersons from among the members of the commission, who shall serve in that capacity at the pleasure of the Governor. The chairperson or co-chairpersons, as applicable, shall appoint from among the commission members the subcommittee chairpersons who shall each chair one subcommittee. The chairperson or co-chairpersons, as applicable, shall organize the commission's executive committee, to be composed of the chairperson or co-chairpersons, as applicable, the subcommittee chairpersons, and additional at-large members to be appointed by the chairperson or co-chairpersons, as applicable, from among the members of the commission.
A majority of the members of the executive committee shall constitute a quorum for the transaction of the business of the commission. Action may be taken and motions adopted at any meeting of the commission only if a majority of the executive committee of the commission is present and voting.
L.2008, c.125, s.3.
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