N.J. Stat. § 48:24-12
Board of directors
New Jersey · New Jersey Statutes Title 48 — Public Utilities · Status: effective
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- Citation
- N.J. Stat. § 48:24-12, Board of directors, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1476771
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Full text
12. a. The business and affairs of a rural electric cooperative shall be managed under the direction of a board of not less than three directors who shall be natural persons of full age. All directors shall be members of the cooperative.
b. Any vacancy occurring in the board of directors of the cooperative shall be filled by the remaining directors in accordance with the bylaws of the cooperative.