6-854.02. Board of directors; number; bylaws
76 words·~1 min read·
/az/title-6/6-854-02A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A trust company shall have at least three directors. The shareholders of the company shall elect all of the directors.
B. Unless the articles of incorporation provide otherwise, the board of directors may adopt or amend the bylaws as long as the bylaws adopted or amended by the board do not conflict with the bylaws adopted by the shareholders. The board of directors shall file a current copy of the bylaws with the deputy director.