By-laws; limitations on powers of directors

N.J. Stat. § 17:9A-77
in effect
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A board of directors which shall be empowered to make, alter and repeal by-laws may not, however, exercise such power with respect to by-laws (1) fixing the number of directors of the bank or the manner and time of determining such number; (2) establishing the requirement for calling a special meeting of the stockholders; or (3) setting forth the manner in which the by-laws may be made, altered or repealed. L.1948, c. 67, p. 254, s. 77.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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