 | Michigan. Banking Division - 1928 - 480 pages
...providing tor the election of boards of director* of banks. "The affairs of each bank shall be managed by a board of not less than five directors, who shall be elected by the stockholders and hold office for one year, and until their successors are elected and have qualified.... | |
 | Howard E. Middleton - 1903 - 88 pages
...shall be present, even though without any notice, any business may be transacted. SECTION 6. Quorum. A majority of the Board of Directors shall constitute a quorum for the transaction of business; but, if at any meeting of the Board there be less than a quorum present, a... | |
 | United States. Congress. Senate. Committee on Agriculture and Forestry - 1937 - 212 pages
...of not less than three members of the board, shall be called at a time other than the stated period. A majority of the board of directors shall constitute a quorum for the transaction of business, but a vote of the majority of the board is required for decision. On a controversial... | |
 | United States. Department of Labor. Consumers' Project - 1937 - 240 pages
...removal; secretary and treasurer not required to be director.—Every such association shall be managed by a board of not less than five directors, who shall be elected by and from the shareholders, subject to such restrictions and with such qualifications as may be prescribed... | |
 | United States. Department of Labor. Consumers' Project - 1937 - 238 pages
...removal; secretary and treasurer not required to be director.—Every such association shall be managed by a board of not less than five directors, who shall be elected by and from the shareholders, subject to such restrictions and with such qualifications as may be prescribed... | |
 | United States. Congress. House. Committee on Agriculture - 1956 - 768 pages
...the United States mail, addressed to the director with pestage thereon prepaid. SECTION 4.—Quorum. A majority of the board of directors shall constitute a quorum for the transaction of business at any meeting of the board of directors; provided that if less than a majority... | |
 | United States. Congress. Senate. Committee on the Judiciary - 1970 - 1036 pages
...• p • « ■ T> MU * . 2 5i2 33 = 5 * • Ck. Xc ■ • in fi £ • S • £ IP 5 I •rt mx u. A majority of the Board of Directors shall constitute a quorum for the transaction of business. Any director who ceases to be a policyholder in the Company shall forfeit... | |
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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 of directors shall... 
