17:35-7 - Directors or trustees

17:35-7.  Directors or trustees    The corporation shall have a board of not less than five directors or trustees, a majority of whom shall be residents of this state, and who shall be  elected by and from the members at the time and place, and for such period, not  exceeding three years, as the by-laws provide.  They shall have and exercise  the general control and management of its affairs and funds.