47-21-12. First directors--Term of office.
29 words·~1 min read·
/sd/title-47/chapter-47-21/47-21-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The directors of a cooperative named in any articles of incorporation, consolidation, merger, or conversion, shall hold office for their terms and until their successors are elected and qualify.