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2017 New Jersey Revised Statutes
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:13-80 - Definitions
Universal Citation: NJ Rev Stat § 17:13-80 (2017)
17:13-80. Definitions
For the purposes of this act:
a. "Board" means the board of directors of the credit union.
b. "Commissioner" means the Commissioner of Banking.
c. "Credit union" means any organization incorporated under the provisions of this act, or the laws of another state or the "Federal Credit Union Act," 48 Stat. 1216 (12 U.S.C. s. 1751 et seq.), which is a cooperative association organized for the purpose of promoting thrift among its members and creating a fund which will establish a source of credit for them for provident or productive purposes.
d. "Director" means a member of the board of directors.
e. "Member" means an owner of a share, deposit, or certificate in a credit union.
L.1984, c. 171, s. 2, eff. Oct. 31, 1984.
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