<?xml version='1.0' encoding='utf-8'?>
<section article="gfi" article_name="Financial Institutions" number="3-408" title_number="3" title_name="Banking Institutions -- Commercial Banks" subtitle_number="4" subtitle_name="Directors and Officers">
  <level label="a">
    <text>A majority of the directors of a State bank then serving is a quorum.</text>
  </level>
  <level label="b">
    <text>The articles of incorporation or bylaws of a trust company may specify the number of directors that is a quorum, but the number shall be at least the greater of one third of the directors or four directors.</text>
  </level>
</section>
