17-5311


Chapter 17.--CORPORATIONS


Article 53.--SAVINGS AND LOAN CODE; MANAGEMENT

     
17-5311.   Association managed by board of directors.
The business of the association shall be managed by a board of directors
of not less than five nor more than fifteen as fixed by the bylaws and who
shall be elected by ballot from among the members by a plurality of the
votes cast.

     
History:   L. 1943, ch. 133, § 40; July 1.