54B-108. Quorum.
Unless otherwise provided in the association's charter or bylaws, 50 holders of withdrawable accounts in a mutual association or 50 stockholders or a majority of shares eligible to vote in a stock association, present in person or represented by proxy, shall constitute a quorum at any annual or special meeting. (1981, c. 282, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 54B - Savings and Loan Associations
Article 5 - Corporate Administration.
§ 54B-100 - Membership of a mutual association.
§ 54B-102 - Employment policies.
§ 54B-103 - Duties and liabilities of officers and directors to their associations.
§ 54B-104 - Conflicts of interest.
§ 54B-106 - Annual meetings; notice required.