- (a) A majority of the directors of a State bank then serving is a quorum.
- (b) The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.
Added as Financial Institutions § 3-410 by Acts 1980, c. 33, § 2, eff. July 1, 1980. Renumbered as Financial Institutions § 3-408 by Acts 2020, c. 498, § 2, eff. Oct. 1, 2020.