Increasing Number of Trustees

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Savings Banks
  5. The Board of Trustees of Savings Banks Organized, Reorganized, or Operating Before January 1, 1993
  6. Increasing Number of Trustees

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Sec. 12. (a) Subject to section 3 of this chapter, the board of a savings bank may, by resolution incorporated in the bylaws of the savings bank, increase the number of trustees.

(b) The board may adopt a resolution under subsection (a) at any time.

As added by P.L.42-1993, SEC.72.


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