{"identifier":"/us/usc/t12/s71","title":12,"num":"\u00a7\u202f71.","heading":"Election","text":"\u00a7\u202f71.\nElection\nThe affairs of each association shall be managed by not less than five directors, who shall be elected by the shareholders at a meeting to be held at any time before the association is authorized by the Comptroller of the Currency to commence the business of banking; and afterward at meetings to be held on such day of each year as is specified therefor in the bylaws. The directors shall hold office for a period of not more than 3 years, and until their successors are elected and have qualified. In accordance with regulations issued by the Comptroller of the Currency, a national bank may adopt bylaws that provide for staggering the terms of its directors.","url":"https://projectusc.org/usc/t12/s71.html","content":[{"t":"sec","id":"/us/usc/t12/s71","children":[{"t":"num","text":"\u00a7\u202f71."},{"t":"heading","text":"Election"},{"t":"content","text":"\n","children":[{"t":"p","text":"The affairs of each association shall be managed by not less than five directors, who shall be elected by the shareholders at a meeting to be held at any time before the association is authorized by the Comptroller of the Currency to commence the business of banking; and afterward at meetings to be held on such day of each year as is specified therefor in the bylaws. The directors shall hold office for a period of not more than 3 years, and until their successors are elected and have qualified. In accordance with regulations issued by the Comptroller of the Currency, a national bank may adopt bylaws that provide for staggering the terms of its directors.","tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}