The board of directors of a state bank may appoint an individual as an honorary director, director emeritus or member of an advisory board. An individual so appointed may not vote at any meeting of the board of directors nor be counted in determining a quorum and shall not be charged with any responsibilities or be subject to any liabilities imposed upon directors by this chapter.
[C71, 73, 75, 77, 79, 81, § 524.614]
Referred to in § 524.1213
Iowa General Assembly
Search: Iowa Code 1995
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