(a) Board of Directors.— The board of directors is the governing body of the corporation. The board shall consist of at least 15 directors elected annually by the members.
(b) Officers.— The officers of the corporation are a chairman of the board, a president, one or more vice presidents, a secretary, a treasurer, and any assistant officers designated by the board. The officers have the powers and shall carry out the duties provided in the bylaws or prescribed by the board.
In subsection (a), the words “The board of directors is the governing body of the corporation” are substituted for “The corporation shall be governed by a board of directors” for consistency in the revised title.
In subsection (b), the words “from time to time” are omitted as unnecessary.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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