Corporator definition
Examples of Corporator in a sentence
Each Corporator must be present in person to be counted for purposes of determining the presence of a quorum and to be entitled to vote, and each Corporator present in person shall be entitled to one vote.
The MHC will mail to each Corporator a copy of the Information Statement not less than seven (7) days before the Special Meeting.
Each person serving as a Corporator of the MHC at the time of the Conversion will cease to hold such office following the conversion of the MHC to Interim A and the merger of Interim A with and into the Bank; the Company will not have a Board of Corporators.
No person shall be qualified to be elected to serve as a Corporator if he or she has reached the age of seventy-two (72) years.
Any Corporator who fails to attend two (2) or more successive annual meetings of the Corporators may be removed by the Corporators at any meeting within three (3) years following the last such successive annual meeting missed.
A written waiver of notice, executed before or after a meeting by such Corporator or his or her attorney thereunto authorized and filed with the records of the meeting, shall be deemed equivalent to notice of the meeting.
No Corporator shall serve as a corporator, trustee or officer of any other mutual holding company, as trustee, director or officer of any bank or thrift institution which is not a subsidiary of the Corporation, or as a director or officer of any holding company for any bank or thrift institution which is not a subsidiary of the Corporation.
Such notice shall be given by the Clerk or an Assistant Clerk (or other person authorized by these By-laws or by law) at least seven (7) days before the meeting to each Corporator by leaving such notice with him or her or at his or her residence or usual place of business, or by mailing it, postage prepaid, and addressed to such Corporator at his or her address as it appears in the records of the Corporation.
At an annual ------------------------------------------- meeting of Corporators, only such new business shall be conducted, and only such proposals shall be acted upon, as shall be proper subjects for Corporator action pursuant to the Charter, these By-laws, or applicable law and shall have been brought before the annual meeting by, or at the direction of, the Board of Trustees, the Chairman of the Board, or the President.
A Corporator who is not an Employee, Officer, or trustee of the MHC or an Employee, Officer, director, or "significant borrower" of the Bank as determined by the Commissioner.