New York Banking Law Section 7003 - Election and tenure of directors.

 7003. Election and tenure of directors. 1. At each annual meeting of
  stockholders of a corporation, the stockholders shall elect directors to
  hold  office  until  the  next  annual  meeting  except as authorized by
  section  seven  thousand  four  of  this   article.   The   organization
  certificate may provide for the election of one or more directors by the
  holders of the stock of any class or series, voting as a class.
2.  Each  director  shall, unless sooner removed or disqualified, hold
  office until the expiration of the term for which  he  is  elected,  and
  until his successor has been elected and qualified.

Last modified: February 3, 2019