Current through L. 2024, c. 185.
(a) Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.(b) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a mutual benefit enterprise need not be a director or member.(c) An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.(d) Unless the organic rules otherwise provide, each committee of a mutual benefit enterprise may exercise the powers delegated to it by the board of directors, but a committee may not: (1) approve allocations or distributions except according to a formula or method prescribed by the board of directors;(2) approve or propose to members action requiring approval of members; or(3) fill vacancies on the board of directors or any of its committees.Added 2011, No. 84 (Adj. Sess.), § 1, eff. 4/20/2012.