§ 4-402. Annual meeting of members and stockholders

   (a) Bylaws of savings bank. -- The bylaws of a savings bank shall provide for annual meetings of the members to:

   (1) Elect directors;

   (2) Elect members, unless the charter of the savings bank provides for a different method of electing members; and

   (3) Transact other business.

(b) Bylaws of subsidiary savings bank. -- The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to:

   (1) Elect directors; and

   (2) Transact other business.

HISTORY: CA § 6-109; 1980, ch. 33, § 2; ch. 807, § 1; 1986, ch. 355.