21-2957. Term of director.
78 words·~1 min read·
/ne/chapter-21/21-2957A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A director's term expires at the annual members' meeting following the director's election unless otherwise provided in the articles of organization or bylaws. The term of a director shall not exceed three years.
(2)Unless otherwise provided in the articles of organization or bylaws, a director may be reelected for subsequent terms.
(3)A director continues to serve as director until a successor director is elected and qualified or until the director is removed, resigns, or dies.