§ 8.40.

156 words·~1 min read·/vt/8-40-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 8.40. Officers

(a)A corporation has the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws.

(b)The board of directors may elect individuals to fill one or more offices of the corporation. An officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board of directors.

(c)The bylaws or the board of directors shall assign to one of the officers responsibility for preparing the minutes of the directors’ and shareholders’ meetings and for authenticating and maintaining the records of the corporation required to be kept under subsections 16.01(a) and

(e)of this title.

(d)The same individual may simultaneously hold more than one office in a corporation.

(e)[Repealed.] (Added 1993, No. 85, § 2, eff. Jan. 1, 1994; amended 2001, No. 77 (Adj. Sess.), § 5; 2007, No. 190 (Adj. Sess.), § 94, eff. June 6, 2008.)