New Jersey § 17:12b-62
Full text of New Jersey New Jersey Statutes § 17:12b-62, with citation guidance and answers to common questions.
§ 17:12b-62.
Directors, number, powers. The business and affairs of every State association shall be managed and directed
by a board of directors. The board shall consist of such number as the bylaws provide, but not less than five . Each director shall be a citizen of the United States and shall be either a member
of the mutual association or a stockholder of the capital stock association, as the
case may be. He shall have such other qualifications and meet such eligibility requirements,
as this act and the bylaws provide. The board may exercise any and all powers of a State association not expressly reserved
to the members of the mutual association or the stockholders of the capital stock
association by the provisions of this act and the bylaws. All checks, notes and drafts of the State association shall be executed in a manner
and form determined by resolution of the board of the State association. If the bylaws so provide, the board may delegate any of its powers to any committee
composed of members of the board.
Frequently Asked Questions About New Jersey § 17:12b-62
What does New Jersey Statutes § 17:12b-62 cover?
Section 17:12b-62 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 § 17:12b-62?
A common citation format is "New Jersey Statutes § 17:12b-62" (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 § 17:12b-62 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.