N.J.S.A. 17:9A-193 — Officers and managers; compensation

17:9A-193. Officers and managers; compensation A savings bank may pay its managers for attendance at meetings of the board, or for service upon committees, or for other service rendered, such reasonable compensation as shall be from time to time fixed by a vote of a majority of the board of managers; and it may pay its officers and employees such reasonable compensation as shall be fixed by the managers. The commissioner may direct that the amount of such compensation be reduced if in his judgment it is excessive. L.1948, c. 67, p. 334, s. 193.

This is the verbatim text of N.J.S.A. 17:9A-193, 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.