Section 10.25.150. Term of office of directors.

Latest version.

The directors of a cooperative named in articles of incorporation, consolidation, merger, or conversion hold office until the next annual meeting of the members and until their successors are elected and qualify. Each elected director holds office for the term for which elected and until a successor is elected and qualifies.

Notes

History

(Sec. 12(2) ch 93 SLA 1959; am Sec. 12 ch 134 SLA 1988)

                    
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