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CoastalSouth Bancshares, Inc. amended its bylaws-to-add an exclusive forum selection clause designating the Georgia…
COSOCoastalSouth Bancshares, Inc.
CoastalSouth Bancshares, Inc. amended its bylaws-to-add an exclusive forum selection clause designating the Georgia State-wide Business Court as the sole forum for internal entity claims. The amendment also establishes a minimum ownership requirement of one percent (1%) of outstanding shares for shareholders to have standing in derivative proceedings. CoastalSouth Bancshares, Inc. is a financial services company providing banking services.