New Jersey Statutes

§ 18A:64-32 — Board of directors; conflict of interest; expenses

New Jersey § 18A:64-32
JurisdictionNew Jersey
Title 18AEDUCATION

This text of New Jersey § 18A:64-32 (Board of directors; conflict of interest; expenses) 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:64-32 (2026).

Text

No member of the board of directors of an auxiliary organization shall have a financial interest in any contract or other transaction entered into by the board of which he is a member. Any contract or transaction entered into in violation of this section is void. The members of the board of directors shall receive no compensation for their services, but shall be paid their necessary expenses in performing their duties. L.1982, c. 16, s. 7, eff. April 1, 1982.

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Bluebook (online)
New Jersey § 18A:64-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/18A/18A%3A64-32.