N.Y. Comp. Codes R. & Regs. tit. 3 § 306.1

Current through Register Vol. 46, No. 25, June 18, 2024

Section 306.1 - Explanatory note regarding vacancies on the board of directors

(a) Subdivision 1 paragraph (b) of section 7005 of the Banking Law authorizes the superintendent to adopt a regulation which establishes the circumstances under which vacancies on the board of directors of a bank, trust company, stock-form savings bank, and stock-form savings and loan association may be left unfilled until the next annual election by the stockholders.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 306.1