The board of directors of any bank or trust company may appoint an individual as an honorary director or director emeritus or member of an advisory board. An individual so appointed may be compensated but may not vote at any meeting of the board of directors or be counted in determining a quorum and shall not have any responsibility or be subject to any liability imposed upon a director, or otherwise be deemed a director.
History. Code 1933, § 41A-2207, enacted by Ga. L. 1974, p. 705, § 1.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 2 - Banks and Trust Companies
§ 7-1-481. Adopting, Amending, and Repealing Bylaws
§ 7-1-483. Meetings of Board; Quorum; Committees; Acting Without Meeting
§ 7-1-484. Oath of Directors; Liability of Persons Who Have Not Subscribed to Such Oath
§ 7-1-485. Removal of Directors; Vacancies
§ 7-1-486. Honorary and Advisory Positions
§ 7-1-487. Audits and Financial Reports
§ 7-1-488. Officers, Agents, and Employees; Employee Share Plans
§ 7-1-490. Responsibility of Directors and Officers; Delegation of Investment Decisions
§ 7-1-491. Financing Involving Directors or Officers
§ 7-1-492. Prohibitions Applicable to Directors, Officers, and Employees