N.J. Stat. § 17:9A-77

Current through L. 2024, c. 80.

Section 17:9A-77 - By-laws; limitations on powers of directors

A board of directors which shall be empowered to make, alter and repeal by-laws may not, however, exercise such power with respect to by-laws

(1) fixing the number of directors of the bank or the manner and time of determining such number;

(2) establishing the requirement for calling a special meeting of the stockholders; or

(3) setting forth the manner in which the by-laws may be made, altered or repealed.

N.J.S. § 17:9A-77

L.1948, c.67, p.254, s.77.