N.Y. Banking Law Section 7010
Place and time of meetings of the board

1.

Meetings, regular or special, of the board may be held at any place within or without this state, unless otherwise provided by the organization certificate or the by-laws.

2.

The board of every bank and trust company, stock-form savings bank, and stock-form savings and loan association shall, after their due qualification, hold an annual meeting for the election of officers within twenty-five days after the annual meeting of stockholders. The board of every such corporation shall hold a regular monthly meeting at least ten times a year provided, however, that during any three consecutive calendar months the board shall meet at least twice. The executive committee shall meet at least once in each thirty day period during which the board does not meet.

3.

Subject to subdivisions one and two, the time and place for holding meetings of the board may be fixed by or under the by-laws, or, if not so fixed, by the board.

Source: Section 7010 — Place and time of meetings of the board, https://www.nysenate.gov/legislation/laws/BNK/7010 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

7001
Board of directors 7002
Number of directors 7003
Election and tenure of directors 7004
Classification of directors 7005
Vacancies and newly created directorships 7006
Removal of directors 7007
Quorum of directors 7008
Action by the board 7009
Greater requirement as to quorum and vote of directors 7010
Place and time of meetings of the board 7011
Notice of board meetings 7012
Executive committee and other committees 7013
Officers 7014
Removal of officers 7015
Duty of directors and officers 7016
Liability of directors in certain cases 7017
Actions against directors and officers for misconduct 7018
Nonexclusivity of statutory provisions for indemnification of directors and officers 7019
Authorization for indemnification of directors and officers 7020
Payment of indemnification other than by court award 7021
Indemnification of directors and officers by a court 7022
Other provisions affecting indemnification of directors and officers 7023
Insurance for idemnification of directors and officers

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 7010’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._banking_law_section_7010

Original Source: Section 7010 — Place and time of meetings of the board, https://www.nysenate.gov/legislation/laws/BNK/7010 (last accessed Aug. 20, 2023).