Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-30. Organization meetings

(a) After the filing of the articles in the Department of State the first meeting of the members shall be held within this Commonwealth at the call of the incorporators, or the majority of them, for the purpose of adopting such bylaws as this act and the articles require to be adopted by the members, and for such other purposes as shall be stated in the notice of the meeting. The incorporators, at the call of the meeting, shall give to each member at least five days' written notice of the time and place of the meeting.

(b) After the filing of the articles in the Department of State, an organization meeting of the board of directors named in the articles shall be held within this Commonwealth at the call of a majority of the directors, for the purpose of adopting such bylaws as the articles authorize the directors to adopt, of electing officers and of transaction of such other business as may come before the meeting. The directors who call the meeting shall give to each director named in the articles at least five days' written notice of the time and place of the meeting.