North Carolina Statutes

§ 54-52 — Organization

North Carolina·Ch. 54 Cooperative Organizations·Art. 8 Organization and Powers·Subch. II LAND AND LOAN ASSOCIATIONS
The incorporators at their first annual meeting shall elect by ballot from their number a board of trustees of not less than six members who shall adopt a code of bylaws and a plan of organization approved by the Commissioner of Agriculture and the Commissioner of Banks. (1925, c. 223, s. 4; 1931, c. 243, s. 5.)

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