Section 17:17A-2 - Interlocking directorate

NJ Rev Stat § 17:17A-2 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

17:17A-2. Interlocking directorate

Any person otherwise qualified may be a director of two or more insurers having a common management but no such interlocking directorate shall be used as a means of substantially lessening competition generally in the business or of creating a monopoly therein.

L.1948, c. 157, p. 893, s. 2.