§ 53C-4-2 – Banks controlled by boards of directors.
53C-4-2. Banks controlled by boards of directors. (a) The corporate powers of a bank shall be exercised by or under the authority of, and the business and affairs of the bank shall be managed by or under the direction of, its board of directors. (b) A bank’s board of directors shall consist of not fewer […]
§ 53C-4-3 – Committees of boards of directors.
53C-4-3. Committees of boards of directors. (a) The board of directors shall appoint, at a minimum, an audit committee, an executive committee, and a loan committee (which may be the executive committee or the board of directors as a whole) and may appoint such other committees as it deems appropriate to provide for the safe […]
§ 53C-4-4 – Minutes of meetings of directors and committees.
53C-4-4. Minutes of meetings of directors and committees. Minutes shall be recorded and retained for all meetings of the board of directors and board committees and kept on file at the bank. The minutes shall show a record of actions taken. (2012-56, s. 4.)