Title 63E Chapter 2 Section 105

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Title 63E
Independent Entities Code
Chapter 2
Independent Corporations Act
Section 105
Boards.

            

63E-2-105.   Boards.

            (1) As used in this section, "director" includes a trustee or other board member.

            (2) Each independent corporation shall be governed by a board of directors.

            (3) The authorizing statute of each independent corporation shall specify:

            (a) the process for appointing, removing, and replacing directors;

            (b) the number and terms of office for directors;

            (c) the board chair selection procedure;

            (d) board quorum requirements;

            (e) director qualifications; and

            (f) the duties and fiduciary responsibilities of directors.


Enacted by Chapter 201, 2001 General Session

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