New Jersey Statutes 18A:65-31. President of corporation; powers; term; filling vacancy
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 18A:65-31
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Board: means the board of education. See New Jersey Statutes 18A:1-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
a. There shall be a president of the corporation and of the university.
b. He shall be responsible to the boards, and shall have such powers as shall be requisite, for the executive management and conduct of the corporation and the university in all departments, branches and divisions, and for the execution and enforcement of the bylaws, ordinances, rules, regulations, statutes and orders governing the management, conduct and administration thereof. He shall hold office at the pleasure of the board of governors.
c. In case of a vacancy in the office, the president shall be elected by the board of governors, with the advice and consent of the board of trustees.
L.1967, c.271.