N.J. Stat. § 17:52-13
Current through L. 2024, c. 87.
The business and affairs of every business development corporation shall be managed by a board of directors consisting of not less than 9 and not more than 18, as the by-laws may prescribe. Not less than 2/3 of the directors shall be elected by the members of the corporation, and the remainder shall be elected by the stockholders.
N.J.S. § 17:52-13