North Carolina General Statutes 53-353. Required board meetings
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Terms Used In North Carolina General Statutes 53-353
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
The board of directors of a State trust company shall hold at least one regular meeting each quarter. At each regular meeting, the board shall review and approve, or disapprove and correct, the minutes of the prior meeting and review the operations, activities, and financial condition of the State trust company. The board may designate committees from among its members to perform these duties and approve or disapprove the committees’ reports at each regular meeting. All material actions of the board shall be recorded in its minutes. (2001-263, s. 1.)