N.J.S.A. 17:9A-104

Directors; disqualification

17:9A-104. Directors; disqualification A director who ceases to be the owner of shares as specified in section 103, or who, within thirty days after his election or appointment, or, in case of his disability, within such further time as the commissioner shall fix, fails to subscribe the oath specified in section 103, or who defaults for thirty days in payment of an undisputed obligation to the bank, shall cease to be a director. L.1948, c. 67, p. 269, s. 104.

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This is the verbatim text of N.J.S.A. 17:9A-104, 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.