State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_53 > GS_53-91_3

§53‑91.3.  Directors defined; appointment of advisory directors.

(a)        Unless otherwiseexpressly provided, reference to "director" or "board ofdirectors" shall mean a director of the banking corporation as elected bythe shareholders pursuant to North Carolina corporation law.

(b)        The board ofdirectors so elected by the shareholders may, consistent with a bank's articlesof incorporation or bylaws, appoint advisory directors to perform such dutiesas prescribed by the board with respect to local offices and branches of anybank chartered under Chapter 53 of the General Statutes. (1995,c. 129, s. 18.)