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.
Structure Indiana Code
Title 28. Financial Institutions
28-6.1-3-1. Application of Chapter
28-6.1-3-3. Number of Trustees
28-6.1-3-4. Qualifications of Trustees
28-6.1-3-5. Vacancies; Elections; Qualifications of Successors
28-6.1-3-6. Vacancies; Judicial Appointments
28-6.1-3-7. Vacancies; Successors' Certificates of Qualification and Fitness
28-6.1-3-8. Presidents; Officers and Agents
28-6.1-3-9. Bylaws, Rules, and Regulations
28-6.1-3-11. Reducing Number of Trustees