51A-3-32. Board of directors--Number of members--Citizenship requirements--Election.
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/sd/title-51/chapter-51-3/51a-3-32A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of directors of every bank shall consist of not less than five nor more than twenty - five members. At all times, at least three - fourths of the directors shall be citizens of the United States. With the exception of the president or the chief executive officer, the directors shall be elected by the shareholders.