Montana Code 35-14-803. Directors — number — election
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35-14-803. Directors — number — election. (1) A board of directors must consist of one or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
Terms Used In Montana Code 35-14-803
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
(2)The number of directors may be increased or decreased from time to time by amendment to or in the manner provided in the articles of incorporation or bylaws.
(3)Directors are elected at the first annual shareholders’ meeting and at each annual shareholders’ meeting thereafter unless elected by written consent in lieu of an annual meeting as permitted by 35-14-704 or unless their terms are staggered under 35-14-806.