N.J.S.A. 17:16G-7

Board of directors of agency

17:16G-7. Board of directors of agency Every nonprofit social service agency or nonprofit consumer credit counseling agency licensed under this act shall establish a board of directors whose function shall be to establish the policies of such agency. No more than 40% of the members of the board of directors shall have as their principal employer any corporation, association or institution which offers credit to the general public. L.1979, c. 16, s. 7, eff. Feb. 8, 1979.

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This is the verbatim text of N.J.S.A. 17:16G-7, 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.