23 CAR § 320-2001. Board of directors

(a) The affairs of every bank organized under the laws of this state shall be managed and controlled by a board of directors of not fewer than three (3) persons who shall be selected at such times and in such manner as may be provided by its articles of incorporation or bylaws. (b) Except as required in the articles of incorporation or bylaws, no director of a state bank shall be required to be a stockholder of such bank.