2004 Minnesota Statutes

     48.06 Directors; qualifications. 

    If the number of directors exceeds nine, they may 
 designate, semiannually, by resolution, nine of their number, a 
 majority of whom constitutes a quorum for the transaction of 
 business.  Every director of a bank shall take and subscribe an 
 oath to faithfully perform the official duties of a director, 
 and not knowingly violate, or permit to be violated, any 
 provision of law.  The taking of this oath must be duly 
 certified in the minutes of the records of the bank. 

    HIST: (7670) RL s 2986; 1927 c 260 s 1; 1965 c 171 s 7; 1981 c 
 220 s 9; 1982 c 473 s 10; 1983 c 250 s 5; 1986 c 444