Delaware Code Title 5. Banking § 1515. Organizational meeting; notice; proceedings

Current as of January 01, 2026 | Updated by Findlaw Staff

At the organizational meeting or at any adjournment thereof, the incorporator(s) shall appoint a temporary secretary, adopt bylaws and elect, in such matter as the bylaws may determine, directors, a president, a secretary and such other officers as the bylaws may prescribe. All the officers so elected shall be sworn to the faithful performance of their duties. The temporary secretary shall make and attest a record of the proceedings until the secretary has been chosen and sworn, including a record of such choice and qualification.

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Cite this article: FindLaw.com - Delaware Code Title 5. Banking § 1515. Organizational meeting; notice; proceedings - last updated January 01, 2026 | https://codes.findlaw.com/de/title-5-banking/de-code-sect-5-1515/

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