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