Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-61. Board of directors

(a) The business and affairs of an association shall be managed by a board of directors.

(b) Subject to the provisions of this act and provisions of the articles, the number, qualifications, terms of office, manner of election, time and place of meetings, powers and duties of the directors may be prescribed by the bylaws.

(c) The board of directors of an association may appoint an individual as director emeritus or member emeritus of an advisory board. An individual so appointed may be compensated but may not vote at any meeting of the board of directors or advisory committee or be counted in determining a quorum. He shall not have any responsibility or be subject to any liability.