46A-4-44. Organization meeting of board of directors--Election of president and vice-president--Appointment of secretary.
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/sd/title-46/chapter-46-4/46a-4-44A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On the regular November meeting in each year the directors shall meet and organize as a board for the ensuing year, elect a president and vice - president from their number and appoint a secretary who need not be a member of the board.