35-20-205. Qualifications of trustees — notice of election — vacancies. (1) In all elections after the first, the trustees shall be chosen from among the associates named in said certificate of incorporation or their successors.

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(2)Public notice of every annual election shall be given in such manner as the bylaws of the association prescribe.

(3)The trustees shall have the power to fill any vacancy in their number occurring during the term of office for which any trustee was elected.