New Jersey § 17:12b-67

§ 17:12b-67.

Each officer and director shall, before entering upon the duties of his office, take

and subscribe to the following oath or affirmation of office: State of New Jersey County of                 ss.: ․․․․․․․․․․․․․․․․․․․․․․․․․․․․ of full age, being duly sworn on his oath or affirmation according to law, deposes

and says: 1. I reside at ․․․․․․․․․․; am a member or stockholder and/or depositor, as the case may be, of the ․․․․․․․․․․․․․․․․․․․․․․ association; hereby accept the office of ․․․․․․․․․․, to which I have been elected or appointed; will diligently and honestly administer

the affairs of said association within the scope of my powers and duties; and not

knowingly violate, or permit to be violated, the provisions of the Savings and Loan

Act (1963), 1 and the association's bylaws. Subscribed and sworn to or affirmed before me this ․․․․․․ day of ․․․․․․․․․․․․, 19․․․ ․․․․․․․․․․․․․․․․․․․․․․․․ All oaths or affirmations of office shall be filed with the secretary. If any officer or director shall fail within a reasonable time after his election

to take and subscribe the oath or affirmation required by this section, the board

may declare his office vacant. If any officer or director shall violate the provisions of his oath, or affirmation

of the board, after affording him an opportunity to be heard, may declare his office

vacant by a vote of two-thirds of the directors present at any meeting of the board,

of which meeting notice shall have been given to each director. 1

N.J.S.A. § 17:12B-1 et seq.