§ 54-147. Election of officers. - North Carolina Statutes

§54‑147.  Election of officers.

The directors shall elect apresident, one or more vice‑presidents, a secretary and treasurer whoneed not be directors, and they may combine the offices of secretary andtreasurer designating the combined office as secretary‑treasurer. Theyshall elect from their number a chairman and vice‑chairman unless thepresident and vice‑presidents are members of the board. The board mayelect or appoint such additional officers as are necessary and appropriate. Thetreasurer may be a bank or any depository, and as such shall not be consideredan officer, but as a function of the board of directors. In such a case thesecretary shall perform the usual accounting duties of the treasurer, exceptingthat the funds shall be deposited only as authorized by the board of directors.(1921, c. 87, s. 13; C.S., s. 5259(t); 1971, c. 925.)