The board of directors of a savings bank may fill any vacancy on the board by electing an individual to serve until the next annual meeting of the members or the stockholders of a subsidiary bank and until a successor is elected and qualifies.

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1986, c. 355, § 1, eff. July 1, 1986; Acts 2008, c. 89, § 1, eff. Oct. 1, 2008.