New Jersey § 17:16G-7 Board of directors of agency

New Jersey Statutes

§ 17:16G-7 — Board of directors of agency

New Jersey § 17:16G-7

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:16G-7 (Board of directors of agency) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:16G-7 (2026).

Text

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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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.