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New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 48E-9

Current as of January 01, 2024 | Updated by FindLaw Staff

The board of directors of a health service corporation may, by resolution, elect an executive committee of the board, one-fourth of which shall be members appointed by the Governor. Vacancies in the executive committee shall be filled by the board of directors in accordance with the bylaws.

To the extent provided in the resolution of the board, or in the bylaws, the executive committee shall have and may exercise all the authority of the board, except that no executive committee shall:

a. Make, alter or repeal any bylaw of the corporation;

b. Elect or appoint any director, or remove any officer or director;

c. Submit to members any action that requires members' approval; or

d. Amend or repeal any resolution previously adopted by the board.

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Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 48E-9 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-48e-9/

Read this complete New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 48E-9 on Westlaw. Westlaw subscription required.

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