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2023 New Jersey Revised Statutes
Title 17 - Corporations and Institutions for Finance and Insurance
Section 17:21-3 - Election of directors of benefit companies
Universal Citation: NJ Rev Stat § 17:21-3 (2023)
17:21-3. Election of directors of benefit companies
All elections of directors of any stock insurance company of this state incorporated by special charter, whose object is to assist its sick or needy members, or aid in defraying funeral expenses of deceased members and make provision for their families, shall be by the stockholders of the company, and no policyholder or person insured in the company may vote at an election unless he is also a stockholder.
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