N.Y. Banking Law § 7011: Notice of board meetings; waiver; adjournment

§ 7011. Notice of board meetings; waiver; adjournment. 1. Unless

otherwise provided by the by-laws, regular meetings of the board may be

held without notice if the time and place of such meetings are fixed by

the by-laws or the board. Special meetings of the board shall be held

upon notice to the directors.

2. The by-laws may prescribe what shall constitute notice of meeting

of the board. A notice, or waiver of notice, need not specify the

purpose of any regular or special meeting of the board, unless required

by the by-laws.

3. Notice of a meeting need not be given to any director who submits a

signed waiver of notice whether before or after the meeting, or who

attends the meeting without protesting, prior thereto or at its

commencement, the lack of notice to him.

4. A majority of the directors present, whether or not a quorum is

present, may adjourn any meeting to another time and place. If the

by-laws so provide, notice of any adjournment of a meeting of the board

to another time or place shall be given to the directors who were not

present at the time of the adjournment and, unless such time and place

are announced at the meeting, to the other directors.