70-719. Directors; alternate directors; election; compensation; expenses.
111 words·~1 min read·
/ne/chapter-70/70-719A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The directors, other than those named in the certificate of incorporation to serve until the first annual meeting of members, shall be elected annually, or as otherwise provided in the bylaws, by the members. The directors shall be members of the corporation and shall be entitled to such compensation and reimbursement for expenses incurred by them as provided in sections 81-1174 to 81-1177 . The bylaws may provide for the election of alternate directors, who shall be elected and serve in the same manner as members elected to the board of directors. Such alternate directors shall serve in the event of the absence, disability, disqualification, or death of an elected director.