04 NCAC 16E .0203. HOLDERS OF PROXIES

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A proxy shall not designate as a holder any corporation or partnership including any person acting on behalf of any corporation or partnership, or any person other than a living, natural person. However, a proxy may designate the holder of a specified title or office, if a natural person; or committee composed solely of natural persons, including a committee composed of the Board of Directors of the savings bank.

History Note: Filed as a Temporary Adoption Eff. October 2, 1991 for a period of 180 days to expire on

March 31, 1992;

Statutory Authority G.S. 54C‑53; 54C‑105;

Eff. February 15, 1992.

                    
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