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

§ 328.  Communications  from  department of financial services must be
  submitted  to  directors  and   noted   in   minutes.   Every   official
  communication  as  defined  in article two of this chapter directed to a
  safe deposit company or to any officer thereof shall  be  submitted,  by
  the  officer receiving it, to the board of directors at the next meeting
  of such board, and duly noted in the minutes of  the  meetings  of  such
  board.