N.J. Stat. § 18A:64A-78

Current through L. 2024, c. 87.

Section 18A:64A-78 - Adoption of act; resolution

This act shall become operative only after acceptance and adoption by the board of trustees of the private institution, which shall be by resolution which shall:

a. Impress the property and funds remaining under the board of governors with a public trust for the use and benefit of the higher education of the citizens of the county; and

b. Effectuate the changes in the bylaws of the private institution which are necessary to implement the provisions of this act.

N.J.S. § 18A:64A-78

L.1982, c.42, s.29, eff. 7/1/1982.