§ 71. Election
304 words·~1 min read·
/usc/title-12/section-71A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The affairs of each association shall be managed by not less than five directors, who shall be elected by the shareholders at a meeting to be held at any time before the association is authorized by the Comptroller of the Currency to commence the business of banking; and afterward at meetings to be held on such day of each year as is specified therefor in the bylaws. The directors shall hold office for a period of not more than 3 years, and until their successors are elected and have qualified. In accordance with regulations issued by the Comptroller of the Currency, a national bank may adopt bylaws that provide for staggering the terms of its directors.
(R.S. § 5145; Pub. L. 88–232, § 1, Dec. 23, 1963, 77 Stat. 472; Pub. L. 106–569, title XII, § 1205(a), Dec. 27, 2000, 114 Stat. 3033.)
Connections13 cite this · traces to 2
Cited by 13 sections · top 8
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- Pub. L. 88–232, § 1
- 77 Stat. 472
- Pub. L. 106–569, title XII, § 1205(a)
- 114 Stat. 3033
- act June 3, 1864, ch. 106
- 13 Stat. 102
- Pub. L. 106–569
- Pub. L. 88–232
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§ 71
Election
Fed. Reg.×11
Stat.×2
Pub. L.Pub. L. 88–232, § 1
Stat.77 Stat. 472
Pub. L.Pub. L. 106–569, title XII, § 1205(a)
Stat.114 Stat. 3033
Actact June 3, 1864, ch. 106
Cites 10 · showing 7Cited by 13 across 2 sources