§ 15A:6-1 Board of trustees
§ 15A:6-2 Number of trustees
§ 15A:6-3 Term of trustees
§ 15A:6-4 Classification of trustees; restriction of right to choose trustees
§ 15A:6-5 Vacancies and newly created trusteeships
§ 15A:6-6 Removal of trustees
§ 15A:6-7 Quorum of board of trustees and committees; vote required; action of trustees without a meeting
§ 15A:6-8 Effect of common trusteeships and trustees’ personal interest
§ 15A:6-9 Executive committee; other committees
§ 15A:6-10 Place and notice of trustees’ meetings
§ 15A:6-11 Loans to officers or employees
§ 15A:6-12 Liability of trustees in certain cases
§ 15A:6-13 Liability of trustees; presumption of assent to action taken at a meeting
§ 15A:6-14 Standard of care; liability of trustees; reliance on corporate records
§ 15A:6-15 Officers
§ 15A:6-16 Removal and resignation of officers; filling of vacancies
§ 15A:6-17 Bonds; facsimile signatures and seals
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Terms Used In New Jersey Statutes > Title 15A > Chapter 6 - Board of Trustees

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Executor: A male person named in a will to carry out the decedent
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
  • Quorum: The number of legislators that must be present to do business.
  • State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.