The corporation’s business shall be conducted by the incorporators, who shall serve until the organizational meeting of the corporation, at which time not less than three directors shall be elected by the members of the corporation in accordance with the bylaws. Thereafter, the corporation’s business shall be conducted by the directors.
History. Ga. L. 1974, p. 545, § 9.
Structure Georgia Code
Chapter 2 - Credit Union Deposit Insurance Corporation
§ 7-2-1. Incorporation Procedures
§ 7-2-2. Amendments to Articles
§ 7-2-3. Adoption and Amendment of Bylaws
§ 7-2-5. Membership — Acquisition and Termination
§ 7-2-6.1. Powers and Privileges of Members
§ 7-2-8. Premiums and Special Assessments; Distribution of Assets on Liquidation
§ 7-2-9. Insurance of Deposits and Shares
§ 7-2-10. Conduct of Business by Incorporators and Directors
§ 7-2-11. Exclusive Supervision by Department; Rules and Regulations
§ 7-2-13. Administrative Review of Corporation or Department Decision; Exhaustion of Remedies