Title 14, Chapter 3, Section 803
( 14-3-803)
(a) A board of directors must consist of one or more natural
persons, with the number specified in or fixed in accordance with
the articles or bylaws. (b) The articles or bylaws may authorize the members of the board of
directors to fix or change the number of directors or may establish
a variable range for the size of the board of directors by fixing a
minimum and maximum number of directors. If the variable range is
established, the number of directors may be fixed or changed from
time to time, within the minimum and maximum, by the members, or if
the articles or bylaws so provide, by the board of directors. |