Section 74 · Vacancies

Applied in 3 court decisions — leading case Lee Cj v. Schmidt-Wenzel C (1985)

Most recently applied in Lee v. Schmidt-Wenzel (July 1985)

Any vacancy in the board shall be filled by appointment by the remaining directors, and any director so appointed shall hold his place until the next election.

Editorial notes U.S. Code · Office of the Law Revision Counsel

Codification

R.S. §5148 derived from act June 3, 1864, ch. 106, §10, 13 Stat. 102, which was the National Bank Act. See section 38 of this title.