70-718. Board of directors; number; powers; qualifications.
63 words·~1 min read·
/ne/chapter-70/70-718A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The business and affairs of a corporation shall be managed by a board of directors, not less than five in number, which shall exercise all the powers of the corporation except such as are conferred upon the members by sections 70-701 to 70-738 , by the articles of incorporation, or by the bylaws of the corporation. The bylaws may prescribe qualifications for directors.