New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 13 - LIMITED DIVIDEND AND NONPROFIT HOUSING CORPORATIONS AND ASSOCIATIONS AND URBAN RENEWAL ENTITIES
Subchapter 1 - GENERAL PROVISIONS
Section 5:13-1.4 - Meetings of stockholders and directors
Universal Citation: NJ Admin Code 5:13-1.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Each housing sponsor shall hold a directors' meeting at least once a year and at such times as any director may request; excepting however, a corporation as a cooperative shall hold such meetings at least quarterly.
(b) The presence of a quorum at such meetings is required.
(c) A copy of the minutes of each meeting of directors shall be filed with the Authority within 10 days after the meeting is held.
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