Massachusetts General Laws
Chapter 168 - Savings Banks
Section 25 - Election of Officers

Section 25. The clerk or secretary shall be elected by the stockholders at their annual meeting or at a special meeting duly called for the purpose.
The president shall be elected by and from the board of directors and shall be chairman thereof unless the board designates a director in lieu of the president to be chairman. The directors shall elect the treasurer and any other officers. The president as may be required or permitted by law or by-law may select other officers. The officers elected by the board shall hold their respective offices during the pleasure of the directors. The directors may fill a vacancy in the office of clerk or secretary until the next meeting of the stockholders.

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Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XXII - Corporations

Chapter 168 - Savings Banks

Section 1 - Definitions

Section 2 - Powers

Section 3 - Application of This Chapter and Chapters 167c to 167g, 167i and 167j

Section 4 - Capital Structure

Section 5 - Formation of Savings Bank; Powers, Privileges and Duties Related to Corporations; Agreement of Association

Section 6 - Notice of Intention to Form Saving Bank; Application for Certificate

Section 7 - First Meeting of Incorporators

Section 8 - Articles of Organization; Certificate of Incorporation

Section 9 - List of Stockholders; Issuance of Certificate Authorizing Corporation to Begin Transaction of Business

Section 10 - Applicability of Sections to Mutual Banks and to Stock

Section 11 - Place of Meetings of Corporators, Board of Trustees and Board of Investment of Mutual Bank

Section 12 - Corporators of Mutual Bank

Section 13 - Annual and Special Meetings of Corporators of Mutual Bank

Section 14 - Board of Trustees of Mutual Bank

Section 15 - Regular and Special Meetings of Board of Trustees of Mutual Bank

Section 16 - Board of Investment of Mutual Bank

Section 17 - Officers of Mutual Bank

Section 18 - Election of Officers, Members of Board of Trustees and Members of Board of Investment

Section 19 - Notice of Election to Person Not Present at Meeting at Which Such Person Was Elected; Filing of List of Names

Section 20 - Auditing Committee; Other Committees

Section 21 - By-Laws

Section 21a - Action Without Meeting

Section 22 - Stock Bank; Adoption of By-Laws; Regulations Controlling Assignment and Transfer of Shares; Quorum

Section 23 - Stockholder Voting; Votes by Proxy

Section 24 - Board of Directors of Stock Bank; Executive Committee

Section 25 - Election of Officers

Section 26 - Meetings of Board of Directors

Section 27 - Savings Banks Employees Retirement Association

Section 28 - By-Laws of Savings Banks Employees Retirement Association

Section 29 - Exemption of Savings Banks Employees Retirement Association Property and Funds From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights

Section 30 - Savings Banks Employees Benefit Association

Section 31 - By-Laws of Savings Banks Employees Benefit Association

Section 32 - Exemption of Savings Banks Employees Benefit Association Property From Taxation, Operation of Law Relating to Insolvency, Attachment and Execution; Assignment of Rights