GroundRules
AS 06.15.070: Terms of trustees.
Where this section sits in the code
- Title 6. Banks and Financial Institutions.
- Chapter 15. Mutual Savings Bank Act.
The corporators shall, by a majority vote of those present at their organizational meeting, elect a board of trustees in the following manner: one-third for a term of one year; one-third for a term of two years; and one-third for a term of three years. Thereafter trustees shall be elected to serve for a term of three years. The office of any trustee becomes vacant if the trustee ceases to hold office as a corporator.
Collected 2026-09-02T06:16:15Z. Source file · JSON