Assembly Bill 2603 (Chapter 2014 77) makes the corporate indemnification law consistent with Delaware and New York by removing a requirement that the board of directors authorize the advancement of expenses and allowing the board to delegate responsibility for the authorization to the officers of the corporation.

http://www.njleg.state.nj.us/2014/Bills/A3000/2603_I1.HTM

New Jersey – Aligning Corporation Indemnification Law
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