§414D-153 Required officers.

143 words·~1 min read·/hi/414d-153

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A corporation shall have the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws.

(b)The bylaws or the board shall delegate responsibility to one of the officers to prepare minutes of the directors' and members' meetings and to authenticate records of the corporation.

(c)The same individual may simultaneously hold more than one office in a corporation.

(d)Officers of the corporation shall be elected or appointed at such time and in such manner and for such terms as may be prescribed in the articles of incorporation or the bylaws. In the absence of any such provision, all officers shall be elected or appointed for a term not to exceed one year by the board of directors. [L 2001, c 105, pt of §1; am L 2002, c 130, §53]