New Jersey § 13:12-8
Full text of New Jersey New Jersey Statutes § 13:12-8, with citation guidance and answers to common questions.
§ 13:12-8.
The board of directors of the canal and banking company shall consist of three members,
two of whom shall constitute a quorum. The members of the board shall be elected at the annual meeting of the stockholders
of the canal company, and shall hold office for one year and until their successors
are duly elected and qualified. The Commissioner of Conservation and Economic Development, 1 the State Treasurer and the Director of the Division of Budget and Accounting in
the Department of the Treasury and their successors in office shall be eligible to
serve as directors of the canal and banking company. The capital stock of the canal and banking company, the title to which is vested in
the Department of Conservation and Economic Development in trust for the State by section 13:12-6 of this Title, shall, at each election of directors of the canal and banking company,
be voted in favor of the election as such directors of the persons then holding the
offices of Commissioner of Conservation and Economic Development, State Treasurer,
and Director of the Division of Budget and Accounting in the Department of the Treasury,
respectively. 1
Now Commissioner of Environmental Protection; see N.J.S.A. § 13:1D-1 and Reorganization
Plan No. 001-1994, set out thereunder.
Frequently Asked Questions About New Jersey § 13:12-8
What does New Jersey Statutes § 13:12-8 cover?
Section 13:12-8 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 13:12-8?
A common citation format is "New Jersey Statutes § 13:12-8" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 13:12-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.