New York Banking Law

Sec. § 444
Annual Meeting; Notice; Voting


The annual meeting of the shareholders for the election of directors shall be held in January in each year at a place within the state to be determined by the board of directors. Notice of the time and place of holding such election shall be given by publication thereof, at least once in each week for two successive weeks immediately preceding such election, in a newspaper published in the city of New York and by mailing a copy of such notice postage prepaid to each shareholder of the savings and loan bank not less than ten nor more than forty days before the holding of such meeting. Each member shall be entitled to one vote, and to such additional votes not exceeding one vote for every share of the capital standing in its name on the books of the savings and loan bank as the by-laws may prescribe. Such vote or votes may be cast by mail when so provided in the by-laws.
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Last accessed
Dec. 13, 2016