124 – Communications From Department of Financial Services to Be Submitted to Directors and Noted in Minutes.

§ 124.  Communications  from  department  of  financial services to be
  submitted to directors and noted in minutes. Any officer of  a  bank  or
  trust  company  who  receives  from  the office of the superintendent an
  official communication as defined in article two of this  chapter  shall
  submit  such communication to the board of directors at the next meeting
  of such board, and such communication shall be duly noted in the minutes
  of the meetings of such board.