12 U.S.C. § 75 — Legal holiday, annual meeting on; proceedings where no election held on proper day

This section covers what happens when a national bank's annual shareholders' meeting can't happen on its normal scheduled day. - If the bylaws set a meeting day that turns out to be a legal holiday in the bank's state, the meeting and the director election both move to the next banking day. - If, for any reason, the election of directors still doesn't happen — either on the originally fixed day or on the next banking day after a holiday — the bank gets a second chance. An election may be held on any later day, as long as it falls within 60 days of the original fixed day. - That makeup date is set by the board of directors. But if the board fails to set one, shareholders who together own two-thirds of the shares can set it instead. - Either way, shareholders must get at least ten days' notice of the makeup election, sent by first-class mail.