NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 188

HOUSE BILL 303

 

 

AN ACT TO AMEND G.S. 53-67 RELATING TO THE ANNUAL MEETING OF STOCKHOLDERS OF BANKS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 53-67 is hereby amended by deleting in its entirety the third sentence thereof, which reads as follows:

"The annual meeting of stockholders for the election of directors shall be held during the month of January of each year.", and substituting in lieu thereof, the following:

"The annual meeting of stockholders for the election of directors shall be held at such time as may be designated by the charter or the by-laws of the bank but shall be held not later than the thirty-first day of March in each year."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 6th day of April, 1965.