2010 North Carolina Code
Chapter 53 Banks.
Article 7 - Officers and Directors.
53-91.3. Directors defined; appointment of advisory directors.
53‑91.3. Directors defined; appointment of advisory directors.
(a) Unless otherwise expressly provided, reference to "director" or "board of directors" shall mean a director of the banking corporation as elected by the shareholders pursuant to North Carolina corporation law.
(b) The board of directors so elected by the shareholders may, consistent with a bank's articles of incorporation or bylaws, appoint advisory directors to perform such duties as prescribed by the board with respect to local offices and branches of any bank chartered under Chapter 53 of the General Statutes. (1995, c. 129, s. 18.)
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