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Citizens & Northern Corp. adopts resignation policy for directors

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Citizens & Northern Corp. adopts resignation policy for directors

Wellsboro, Pa.-based Citizens & Northern Corp. adopted a policy which would see nominees for a director's seat tender their resignation if they fail to receive enough votes to be elected in an uncontested election.

If the resignation is not accepted, the director shall continue to serve until term expiration, or until a successor is elected and qualified, or until his or her earlier resignation or removal.