Connecticut General Statutes 33-735 – Requirements for and duties of board of directors
Current as of: 2024 | Check for updates
|
Other versions
(a) Except as provided in section 33-717, each corporation shall have a board of directors.
Terms Used In Connecticut General Statutes 33-735
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed by or under the direction of, its board of directors, subject to any limitation set forth in the certificate of incorporation or in an agreement authorized under section 33-717.