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17:37-10. Tenure of directors of certain companies; cash payments
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
...
17
:
37-10
.
Tenure
of
directors
of
certain
companies
;
cash
payments
17
:
37-10
.
Tenure
of
directors
of
certain
companies
;
cash
payments
Any mutual fire insurance company of this state organized by special act prior to the year one thousand eight hundred and seventy-five may, if...
... deemed for its best interests, elect its
directors
for three-year terms. The company may, also, accept
cash
payments
for premiums, or any portion thereof....
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