New Jersey § 52:18a-58
Full text of New Jersey New Jersey Statutes § 52:18a-58, with citation guidance and answers to common questions.
§ 52:18a-58.
The Governor shall designate one of the members of the Authority as chairman thereof
and another member as vice-chairman thereof. The chairman and vice-chairman of the Authority so designated shall serve as such
at the pleasure of the Governor and until their respective successors have been designated. The Authority shall appoint a secretary and a treasurer and such other officers
as it shall determine, none of whom need be members of the Authority. Before the issuance of any bonds under the provisions of this act, the secretary and
the treasurer and each member of the Authority shall each execute a surety bond in
the penal sum of twenty-five thousand dollars ($25,000.00) conditioned upon the faithful
performance of the duties of the office of secretary or treasurer, or member, as the
case may be, and executed by a surety company authorized to transact business in the
State of New Jersey as surety. Each such bond shall be submitted to the Attorney-General for his approval and upon
his approval shall be filed in the office of the Secretary of State prior to the issuance
of any bonds by the Authority. At all times after the issuance of any bonds by the Authority the secretary and
treasurer and each member shall maintain such surety bonds in full force and effect. All costs of such surety bonds shall be borne by the Authority.
Frequently Asked Questions About New Jersey § 52:18a-58
What does New Jersey Statutes § 52:18a-58 cover?
Section 52:18a-58 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 § 52:18a-58?
A common citation format is "New Jersey Statutes § 52:18a-58" (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 § 52:18a-58 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.