31A-7-305. Supervision of management changes.
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31A-7-305. Supervision of management changes.
Subsections 31A-5-410(1)(a) and 31A-5-410(3) apply to supervision and management changes in corporations organized and operating under this chapter. If a trustee is removed from the board of trustees in the manner specified under Subsection 31A-7-303(6) , the action shall be reported to the commissioner within 10 days of the removal.
Amended by Chapter 91 , 1987 General Session