Rutgers was designated the State University of New Jersey by acts of the New Jersey Legislature in 1945 and 1956. Before the 1956 law went into effect, the Board of Trustees voted to divest itself of the Rutgers Preparatory School, which became fully independent in 1957 and relocated to a campus on the Wells Estate (purchased from the Colgate-Palmolive Company) in nearby Somerset, New Jersey. Under the 1956 law, Rutgers was to be governed both by its Board of Trustees, chiefly an advisory body, charged also with maintaining the assets of the college and its continuity from the 1766 charter, as well as a Board of Governors consisting of eleven members: five members selected by the Board of Trustees, and six appointed by the Governor of New Jersey.