- 1. The business and affairs of every savings bank must be managed and controlled by a board of not less than five nor more than 25 directors, a majority of which must not be full-time officers of the savings bank. The persons designated in the articles of incorporation are the first directors.
- 2. Vacancies in the board of directors must be filled by vote of the stockholders at the annual meetings or at a special meeting called for that purpose. The board of directors may fill vacancies occurring on the board, such appointees to serve until the next annual meeting of the stockholders.
- 3. The board of directors of a savings bank may amend the bylaws of the savings bank.
(Added to NRS by 1967, 1020; A 1969, 961; 1975, 372; 1981, 61; 2017, 1930)