N.Y. Banking Law § 442: Number of directors; filling of vacancies; change of number

§ 442. Number of directors; filling of vacancies; change of number. 1.

The number of directors of the savings and loan bank shall be not less

than seven nor more than fifteen.

2. All vacancies in the office of director shall be filled by election

by the members except as provided in this section. Vacancies not

exceeding one-third of the whole number of the board may be filled by

the affirmative vote of a majority of the directors then in office, and

the directors so elected may hold office until such vacancies are filled

by the members at a special or annual election; or when the number of

directors is nine or more, two vacancies may, with the consent of the

superintendent, be left unfilled until the next annual election.

3. The number of directors may be changed within the limits provided

in subdivision one of this section by amendment of the by-laws.