Section 10.25.160. Staggered terms of office for directors.

Latest version.

Instead of electing all directors annually, the bylaws may provide that directors shall be elected for terms not to exceed four years, or until their successors are elected and qualify, and that the terms of directors shall be staggered so that not all terms expire at the same time.

Notes

History

(Sec. 12(3) ch 93 SLA 1959; am Sec. 13 ch 134 SLA 1988; am Sec. 1 ch 2 SLA 2013)

                    
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