New Jersey § 17B:18-29 Election of directors in mutual insurer issuing temporary stock

New Jersey Statutes

§ 17B:18-29 — Election of directors in mutual insurer issuing temporary stock

New Jersey § 17B:18-29

Title 17BINSURANCE

This text of New Jersey § 17B:18-29 (Election of directors in mutual insurer issuing temporary stock) 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. § 17B:18-29 (2026).

Text

A bare majority of the entire board of directors of a domestic mutual insurer which issues temporary capital stock, as provided in section 17B:18-9, shall be elected by the holders of the temporary stock, and the rest of the directors shall be elected by the policyholders, in the manner and with the representation provided in its certificate of incorporation. After the retirement of the capital stock all the directors shall be so elected by the policyholders. L.1971, c. 144, s. 17B:18-29.

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A bare majority of the entire board of directors of a domestic mutual insurer which issues temporary capital stock, as provided in section 17B:18-9, shall be elected by the holders of the temporary stock, and the rest of the directors shall be elected by the policyholders, in the manner and with the representation provided in its certificate of incorporation. After the retirement of the capital stock all the directors shall be so elected by the policyholders. L.1971, c. 144, s. 17B:18-29.