N.Y. Banking Law § 7003: Election and tenure of directors

§ 7003. Election and tenure of directors. 1. At each annual meeting of

stockholders of a corporation, the stockholders shall elect directors to

hold office until the next annual meeting except as authorized by

section seven thousand four of this article. The organization

certificate may provide for the election of one or more directors by the

holders of the stock of any class or series, voting as a class.

2. Each director shall, unless sooner removed or disqualified, hold

office until the expiration of the term for which he is elected, and

until his successor has been elected and qualified.