Section 9-302 – Directors
(a) The business and affairs of a savings and loan association shall be managed under the direction of a board of directors. (b) A savings and loan association shall have at least 5 directors, as its charter or bylaws provide. (c) (1) Each director of a savings and loan association shall be: (i) A citizen of the United States; and […]
Section 9-303 – Voting Rights
Except as otherwise provided by the charter or bylaws, each member of: (1) A mutual association has one vote; and (2) A capital stock association has one vote for each share of capital stock that the member owns of record.