[4-505.
The members of a savings bank or the stockholders of a subsidiary savings bank
shall elect directors at each annual meeting of the members.]
4- 505.
(A) UNTIL SUCCESSORS ARE ELECTED AND QUALIFY, THE BOARD OF
DIRECTORS OF A SAVINGS BANK CONSISTS OF THE INDIVIDUALS NAMED AS
DIRECTORS IN THE ARTICLES OF INCORPORATION.
(B) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, AT
EACH ANNUAL MEETING OF THE MEMBERS OF A SAVINGS BANK OR THE
STOCKHOLDERS OF A SUBSIDIARY SAVINGS BANK, THE MEMBERS OR
STOCKHOLDERS SHALL ELECT DIRECTORS TO HOLD OFFICE UNTIL THE NEXT
ANNUAL MEETING AND UNTIL THEIR SUCCESSORS ARE ELECTED AND QUALIFY.
(2) (I) SUBJECT TO SUBPARAGRAPHS (II) AND (III) OF THIS
PARAGRAPH, IF THE DIRECTORS ARE DIVIDED INTO CLASSES, THE TERM OF OFFICE
: MAY BE PROVIDED IN THE BYLAWS.
(II) THE TERM OF OFFICE OF A DIRECTOR MAY NOT BE LONGER
THAN 5 YEARS OR, IN THE CASE OF AN INITIAL OR SUBSTITUTE DIRECTOR, SHORTER
THAN THE PERIOD BETWEEN ANNUAL MEETINGS.
(III) THE TERM OF OFFICE OF AT LEAST ONE CLASS OF DIRECTORS
SHALL EXPIRE EACH YEAR
[4-506.
A director of a savings bank serves until the next annual meeting of the
members and until a successor is elected and qualifies]
5- 206.1.
(a) Within 30 days of [adoption] RECEIPT, a national banking association
located in the State, a banking institution, or an other-state bank that maintains a
branch in this State shall submit to the Commissioner a copy of [its most recently
adopted federal Community Reinvestment Act statement.
(b) Within 30 days of receipt, the association, institution, or bank shall submit
to the Commissioner a copy of] the public portion of its most recent Community
Reinvestment Act performance evaluation prepared by the federal regulatory agency
that examines the association, institution, or bank, together with a copy of any
written response to the evaluation prepared by the association, institution, or bank
for its public Community Reinvestment Act file.
[(c)] (B) (1) Upon request, the Commissioner shall make available to the
public a copy of the documents submitted under this section.
(2) The Commissioner may charge a reasonable fee to a person
requesting a copy to help defray the costs of providing copies of the documents to the
public.
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