Section 386-A:27 Procedure for Corporate Adoption.
The proposition for any such amendment shall first be approved by a majority of the trustees of any such mutual savings bank or guaranty savings bank. Such proposition shall thereupon be submitted to the members or corporators of such mutual savings bank, or to the stockholders or special depositors of such guaranty savings bank, as the case may be, at an annual meeting thereof, or at a special meeting thereof called for the purpose. Adoption of the proposed amendment shall be by the affirmative vote of a majority of such members or corporators present and voting at such meeting of the members or corporators of a mutual savings bank, and by the affirmative vote of a majority of the votes cast at such meeting of the stockholders or special depositors of a guaranty savings bank.
Source. 1977, 135:1, eff. Aug. 5, 1977.