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" Section 12 of the present law (Section 6101. 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 - 1926
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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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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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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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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 Legislature 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 - 986 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 - 1336 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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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1914 - 770 pages
...transferred, its general business conducted and the privileges granted to it by law exercised and enjoyed." Section 12 of the present law (Section 6101, Compiled...directors who shall be elected by the stockholders." As the certificate filed by the Wayne County Savings Bank under section 60 (since repealed) of the...
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