248 - Removal and forfeiture of office of trustee.

§ 248.  Removal  and forfeiture of office of trustee. 1.  Whenever the  conduct and habits of a trustee  are  of  such  a  character  as  to  be  injurious to the savings bank, or a trustee has been guilty of acts that  are  detrimental or hostile to the interests of the savings bank, he may  be removed from office at any regular meeting of the  trustees,  by  the  affirmative  vote  of  three-fourths  of  all  the  trustees;  provided,  however, that a written copy of the charges made against him shall  have  been  served upon him personally at least two weeks before such meeting,  that the vote of such trustees shall be entered in  the  record  of  the  minutes of such meeting, and that such removal shall receive the written  approval  of  the superintendent, which shall be attached to the minutes  of such meeting and form a part of the record.    2. The office of a trustee of  a  savings  bank  shall  become  vacant  whenever he    (a)  Shall  fail  to comply with any of the provisions of this article  relating to his official oath and declaration.    (b) Shall become disqualified for any of the reasons specified in this  article.    (c) Shall have failed to attend the regular meetings of the  board  of  trustees and also of any committee of the board of which he is a member,  for  a  period of six successive months, unless excused by the board for  such failure by resolution  adopted  at  the  first  or  second  regular  meeting  of  the  board  after  expiration of such six months period and  entered upon its minutes; provided, however,  that  a  trustee  who  has  forfeited  or  vacated  his  office  by reason of such failure to attend  meetings shall not be eligible for re-election until the  expiration  of  one  year  from  the  date  of the first regular meeting of the board at  which a resolution could have been adopted by it, as herein provided, to  excuse such failure. A copy of such resolution shall be  transmitted  to  the  superintendent  by  the  savings  bank  within  five days after its  adoption.    (d) Shall violate any of  the  provisions  of  this  article  imposing  restrictions upon trustees and officers.    (e)  Shall  reach  the mandatory retirement age, if any, prescribed in  the by-laws of the savings bank.    3. A trustee who has forfeited or vacated  his  office  shall  not  be  eligible for re-election, except when the forfeiture or vacancy occurred  solely by reason of his    (a)  Failure to comply with the provisions of this article relating to  his official oath and declaration; or    (b) Failure to attend the regular meetings of the board of trustees or  neglect of his  official  duties  as  prescribed  in  paragraph  (c)  of  subdivision two of this section; or    (c)  Disqualification  through  becoming a non-resident, or becoming a  trustee, officer or employee of another  savings  bank,  or  becoming  a  director or trustee of a bank, trust company, national bank, mortgage or  title company and such disqualification shall have been removed.    (d)  Resignation  while free of any of the disqualifications specified  in this article.