§4–402.

(a) The bylaws of a savings bank shall provide for annual meetings of the members to: (1) Elect directors; (2) Elect members, unless the charter of the savings bank provides for a different method of electing members; and (3) Transact other business. (b) The bylaws of a subsidiary savings bank shall provide for annual meetings of the stockholders to: (1) Elect directors; and (2) Transact other business.