{"data":{"id":"us-nj/n.j.-stat.-4-13-19","jurisdiction":"us-nj","citation":"N.J. Stat. § 4:13-19","heading":"Board of directors","body":"The board of directors of an association shall consist of not less than 3 persons and the directors shall be members of the association or individual representatives of corporate members thereof.\nThe directors shall be chosen annually by the members or delegates and shall  hold office for 1 year, except that an association, by so providing in its  by-laws, may elect several classes of directors for different terms, classifying them according to their tenure.  In such case no class shall be elected for a shorter period than 1 year or a longer period than 3 years and the term of office of at least one class shall expire in each year.\nDirectors shall hold office until their successors have been elected and qualified and have entered upon the discharge of their duties.\nVacancies shall be filled as provided in the by-laws.\nNo director, during his term of office, shall be a party to a contract for profit with the association differing from the business relations accorded other members, except as the director may be employed by the association.\nThe board shall manage the affairs of the association and perform other duties specifically imposed upon it by this chapter except that if provided in the by-laws the board may appoint an executive committee of not less than 3 members from among the board of which the president shall be one to act for the  board of directors between meetings.\nAmended by L.1966, c. 286, s. 17.","path":["TITLE 4 AGRICULTURE AND DOMESTIC ANIMALS"],"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":"95f8aea885eb30d55094fb2979479f82c389ea1be7ee092d48cc8e5cf55c1007","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-4-13-18","next":"us-nj/n.j.-stat.-4-13-20"},"notice":"GroundRules: Original legal text. Not legal advice."}
