Title 14, Chapter 3, Section 804
( 14-3-804)
(a) If the corporation has members, all the directors (except the
initial directors) shall be elected at the first annual meeting of
members, and at each annual meeting thereafter, unless the articles
or bylaws provide some other time or method of election, or provide
that some or all of the directors are appointed by some other person
or designated. (b) If the corporation does not have members, all the directors
(except the initial directors) shall be elected, appointed, or
designated as provided in the articles or bylaws. If no method of
designation or appointment is set forth in the articles or bylaws,
the directors (other than the initial directors) shall be elected by
the board. |