Section 4-402 - Annual meeting of members and stockholders.
§ 4-402. Annual meeting of members and stockholders.
(a) Bylaws of savings bank.- The bylaws of a savings bank shall provide for annual meetings of the members to:
(1) Elect directors;
(2) Elect members, unless the charter of the savings bank provides for a different method of electing members; and
(3) Transact other business.
(b) Bylaws of subsidiary savings bank.- The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to:
(1) Elect directors; and
(2) Transact other business.
[CA § 6-109; 1980, ch. 33, § 2; ch. 807, § 1; 1986, ch. 355.]