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Code · Utah · Title 7 — Financial Institutions Act · Chapter 8

7-8-19. Meetings of the board of directors.

66 words·~1 min read·/ut/title-7/chapter-8/7-8-19

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7-8-19. Meetings of the board of directors.
(1)A quorum of the board of directors of each industrial bank shall meet at least once each quarter.
(2)Minutes of each meeting of the board of directors shall be:
(a)kept by the secretary of the industrial bank; and
(b)maintained at the head office of the industrial bank.
Amended by Chapter 92 , 2004 General Session
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