N.J.S.A. 17:14A-24

Directors; number; election; term

17:14A-24. Directors; number; election; term The affairs of a safe deposit company shall be managed by a board of at least five directors elected by the stockholders of the company at each annual meeting. The persons receiving the greatest number of votes shall be the directors. The directors shall hold office for one year and until their successors are elected and qualified. L.1983, c. 566, s. 17:14A-24.

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This is the verbatim text of N.J.S.A. 17:14A-24, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.