14-2106. Board of directors; officers; bylaws; quorum.
85 words·~1 min read·
/ne/chapter-14/14-2106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon organization such board of directors shall elect one of its members chairperson and one vice-chairperson, both of whom shall serve for one year, and shall appoint a secretary as provided in section 14-2109 . The board shall make such rules governing its procedure and adopt such bylaws governing its business as it may deem proper. A majority of the board shall constitute a quorum for the transaction of business, but a smaller number may adjourn from time to time until a quorum is secured.