Section 1217 - Determination of shareholders of record(a) The board of directors of an institution may, except as otherwise provided in its by-laws, fix a date for the determination of the shareholders entitled to receive notice of and to vote at any meeting or to receive any dividend, distribution or allotment of rights or a date for any change, conversion or exchange of shares by:(i) fixing a record date not more than sixty days prior thereto, or(ii) closing the books of the institution against transfers of shares for all or part of such period by giving notice to each shareholder of record at least ten days before the closing of the books.(b) If no date for determination of shareholders of record is fixed by the by-laws or pursuant to subsection (a) of this section, transferees of shares which are transferred on the books of the institution within ten days of the date of a meeting of shareholders shall not be entitled to receive notice of, or to vote at, the meeting.1965, Nov. 30, P.L. 847, No. 356, § 1217. Amended 1984, July 6, P.L. 606, No. 125, § 6, imd. effective.