New Jersey Statutes 52:27D-375. Commissioner as member of board of directors
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Terms Used In New Jersey Statutes 52:27D-375
- 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.
- Ex officio: Literally, by virtue of one's office.
The commissioner, or the commissioner’s designee, shall be an ex officio and voting member of the board of directors of each neighborhood housing services corporation or umbrella corporation receiving grants from the department.
L. 1987, c. 50, s. 10.