Section 3-410 - Quorum of directors.
§ 3-410. Quorum of directors.
(a) State banks.- A majority of the directors of a State bank then serving is a quorum.
(b) Trust companies.- The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.
[CA §§ 6-126, 6-147; 1980, ch. 33, § 2.]