New Jersey § 18A:64-48 Powers, responsibilities of association.

New Jersey Statutes

§ 18A:64-48 — Powers, responsibilities of association.

New Jersey § 18A:64-48

Title 18AEDUCATION

This text of New Jersey § 18A:64-48 (Powers, responsibilities of association.) 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. § 18A:64-48 (2026).

Text

4.The association shall have perpetual succession and shall have the following powers and responsibilities: a. To make, amend and repeal rules, regulations and bylaws for its own governance and guidance, not inconsistent with the purposes of the association; b. To adopt an official seal and alter the same at pleasure; c. To maintain an office at such place or places in the State as it may designate; d. To sue and be sued in its own name; e. To borrow money, to issue bonds or notes therefor, and to secure the same by pledge or mortgage of its real and personal property, but it shall not in any manner, directly or indirectly, pledge the credit of the State; and f. To acquire, hold and dispose of real and personal property in the exercise of its powers and the performance of its duties under

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4. The association shall have perpetual succession and shall have the following powers and responsibilities: a. To make, amend and repeal rules, regulations and bylaws for its own governance and guidance, not inconsistent with the purposes of the association; b. To adopt an official seal and alter the same at pleasure; c. To maintain an office at such place or places in the State as it may designate; d. To sue and be sued in its own name; e. To borrow money, to issue bonds or notes therefor, and to secure the same by pledge or mortgage of its real and personal property, but it shall not in any manner, directly or indirectly, pledge the credit of the State; and f. To acquire, hold and dispose of real and personal property in the exercise of its powers and the performance of its duties under this article. All this property shall be exempt from taxation under chapter 4 of Title 54 of the Revised Statutes. L.1985,c.161,s.4; amended 1999, c.46, s.37.