§ 19-2-5. Proceedings at subscribers’ meeting.
At the first meeting, or at the adjournment of any meeting, the subscribers shall, without limiting other actions, choose a temporary secretary, adopt bylaws, and elect, in any manner as the bylaws may determine, directors, a president, a secretary, and any other officers as the bylaws may prescribe. All of the elected officers shall be sworn to the faithful performance of their duties. The temporary secretary shall make and attest a record of the proceedings until the secretary has been chosen and sworn, including a record of the choice and qualification.
History of Section.P.L. 1995, ch. 82, § 39.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-2 - Creation and Expansion
Section 19-2-1. - Agreement to form financial institution.
Section 19-2-2. - Contents of agreement to form.
Section 19-2-3. - Application to form financial institution — Issuance or denial of certificate.
Section 19-2-4. - Notice of subscribers’ meeting.
Section 19-2-5. - Proceedings at subscribers’ meeting.
Section 19-2-6. - Certificate of president and directors elected at first meeting.
Section 19-2-7. - Approval of certificate — Filing — Fee on capital stock.
Section 19-2-8. - Certificate of secretary of state.
Section 19-2-9. - Payment for stock in cash — Certificate authorizing transaction of business.
Section 19-2-10. - Amendment of agreement to form.
Section 19-2-11. - Establishment of branches.
Section 19-2-12. - Relocation of branches.
Section 19-2-14. - Conversion to stock form of financial institution.
Section 19-2-14.1. - Mutual holding companies.
Section 19-2-15. - Approval of amendments to bylaws required.
Section 19-2-16. - Indemnification of officers and employees for acts in course of duties.
Section 19-2-17. - Oath of director.
Section 19-2-18. - Record of meetings of boards and committees.
Section 19-2-19. - Bonds of officers and employees — Supervision by director.