Interlocking directorate

N.J.S.A. 17B:30-11, under Chapter 30.

N.J.S.A. 17B:30-11

17B:30-11. Interlocking directorate

No person shall be a director of 2 or more competing insurers so as to substantially lessen competition generally in the business of insurance or annuity or to create a monopoly therein. L.1971, c. 144, s. 17B:30-11.