{"data":{"id":"us-nj/n.j.-stat.-17-35-7","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:35-7","heading":"Directors or trustees","body":"The corporation shall have a board of not less than five directors or trustees, a majority of whom shall be residents of this state, and who shall be  elected by and from the members at the time and place, and for such period, not  exceeding three years, as the by-laws provide.  They shall have and exercise  the general control and management of its affairs and funds.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"962fb0f2b300772dd13b54904ca6dd3ce2e4719495a6eb24cdd7450958a1c314","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-35-6","next":"us-nj/n.j.-stat.-17-35-8"},"notice":"GroundRules: Original legal text. Not legal advice."}