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" Compiled Laws of 1897 as amended) provides In part that "the affairs of each bank shall be managed by a board of not less than five directors who shall be elected by the stockholders. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xliv
by Michigan. Banking Division - 1922
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Acts of the General Assembly of the State of New Jersey

New Jersey - 1928 - 942 pages
...amendatory, be and the same is hereby amended so that the same shall read as follows: 9. The affairs of every bank shall be managed by a board of not less than five directors, a majority of whom shall at all times be residents of the State of New Jersey, who shall be elected...
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Acts of the General Assembly of the Commonwealth of Kentucky, Passed, Volume 1

Kentucky - 1890 - 1454 pages
...provided for by the by-laws. § 4. The affairs of this corporation shall be managed Board of direct- by a board of not less than five directors, who shall be stockholders. The directors shall be annually elected by the stockholders, to hold their offices until...
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Annual Report of the Commissioner of the Banking Department of the ..., Volume 2

Michigan. Banking Division - 1891 - 178 pages
...thirty days thereafter. DIEECTOBS. SEC. 12. The affairs of each bank shall be managed by a Affairs to be board of not less than five directors, who shall be elected by ™ 0 art S of 1 c£ecthe stockholders and hold office for one year, and until their ^¿ t ® lectton...
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General Laws of the State of Idaho ...

Idaho - 1921 - 648 pages
...place of business of the Association. SEC. 12. DIRECTORS—ELECTION. The affairs of the Association shall be managed by a Board of not less than five directors, elected by the members or stockholders from their own number. The By-Laws may provide that the territory...
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The Laws of New Jersey Relating to Banks and Banking, Trust Companies and ...

James Brooks Dill, New Jersey. Department of Banking and Insurance - 1899 - 98 pages
...inspection of any stockholder. 9. Directors. Annual meetings of stockholders. Officers. The affairs of every bank shall be managed by a board of not less than five directors, a majority of whom shall at all times be residents of the state of New Jersey, who shall be elected...
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Acts of the General Assembly of the State of New-Jersey

New Jersey - 1899 - 660 pages
...business of a bank or trust company. DIRECTORS. Management. 5. The affairs of every safe deposit company shall be managed by a board of not less than five directors, a majority of whom shall at all times be residents of the state of New Jersey, who shall be elected...
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A History of Banking in the United States

John Jay Knox - 1900 - 994 pages
...provided that seven or more persons of full age may become a banking corporation. The affairs of every bank shall be managed by a board of not less than five directors, a majority of whom shall at all times be residents of the State of New Jersey, who shall be elected...
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Acts of the Legislature of the State of New Jersey

New Jersey - 1906 - 842 pages
...Of STOCKHOLDERS. OFFICERS. t 12. The affairs of every trust company shall be man- Management. aged by a board of not less than five directors, who shall be elected annually by the stockholders at their annual meeting as hereinafter provided. A majority of the board...
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The Revised Statutes of Saskatchewan, 1909: Proclaimed and Pub ..., Volume 1

Saskatchewan - 1911 - 1338 pages
...and mortgage the same at pleasure. 1908. c. 31, a. 5. DIRECTORS. 6. The affairs of every such society shall be managed by a board of not less than five directors; the society may by bylaw fix the number of the directors which shall be necessary to form a quorum....
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Laws Passed at the 1st- Session of the Legislature of the State of South ...

South Dakota - 1913 - 804 pages
...of shares it is divided into, and the par value of each. § 3. Every such corporation or association shall be managed by a board of not less than five directors, to be ejected by and from the stockholders of the association, at such time, and for such term of office...
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