After the issuance of the certificate of incorporation of a state bank, an organizational meeting of the board of directors named in the articles of incorporation shall be held at the call of a majority of the incorporators for the purpose of adopting bylaws, if any are to be adopted, electing officers and the transaction of such other business as may properly come before the meeting. The incorporators calling the meeting shall give at least three days' notice thereof by mail to each director so named, except that any form of actual notice or written waiver thereof shall be sufficient in the case of a state bank approved under the provisions of section 524.305, subsection 6. A notice shall state the time and place of the meeting.
[C97, § 1845; C24, 27, 31, 35, 39, § 9168; C46, 50, 54, 58, 62, 66, § 526.11; C71, 73, 75, 77, 79, 81, § 524.307]
Referred to in § 524.106
Iowa General Assembly
Search: Iowa Code 1995
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