306.35 VACANCY IN BOARD OF TRUSTEES.
In case of the death, resignation, disability, or removal of one or more of the trustees of the
fund, the trust at once vests in the remaining trustees, who shall promptly fill the vacancies by
appointment. A newly appointed trustee, upon qualification, succeeds to an equal share in the
rights and duties of the board.
History: (7589) RL s 2954; 1988 c 469 art 5 s 1