The board of directors of any bank or trust company may appoint an individual as an honorary director or director emeritus or member of an advisory board. An individual so appointed may be compensated but may not vote at any meeting of the board of directors or be counted in determining a quorum and shall not have any responsibility or be subject to any liability imposed upon a director, or otherwise be deemed a director.
Section: Previous 7-1-480 7-1-481 7-1-482 7-1-483 7-1-484 7-1-485 7-1-486 7-1-487 7-1-488 7-1-489 7-1-490 7-1-491 7-1-492 7-1-493 7-1-494 NextLast modified: October 14, 2016