Bank of Commerce Holdings' board on Dec. 19 approved an amendment and restatement of the company's bylaws, effective immediately.
Under the restated bylaws, the Sacramento, Calif.-based company's president, chairperson, the board and shareholders holding shares entitled to cast, in the aggregate, not less than 10% of the votes at the meeting, are authorized to call special meetings.
In addition, the restated bylaws now require that annual shareholder meetings be held within 15 months following the last annual meeting.
The company's board also approved an updated form of indemnification agreement between the company and each of its directors.
