New Jersey Revised Statutes § 17:9a-77 - By-laws; Limitations On Powers Of Directors

17:9A-77. By-laws; limitations on powers of directors
A board of directors which shall be empowered to make, alter and repeal by-laws may not, however, exercise such power with respect to by-laws

(1) fixing the number of directors of the bank or the manner and time of determining such number;

(2) establishing the requirement for calling a special meeting of the stockholders; or

(3) setting forth the manner in which the by-laws may be made, altered or repealed.

L.1948, c. 67, p. 254, s. 77.

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Last modified: October 11, 2016