35-14-803. Directors -- number -- election. (1) A board of directors must consist of one or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
(2) The number of directors may be increased or decreased from time to time by amendment to or in the manner provided in the articles of incorporation or bylaws.
(3) Directors are elected at the first annual shareholders' meeting and at each annual shareholders' meeting thereafter unless elected by written consent in lieu of an annual meeting as permitted by 35-14-704 or unless their terms are staggered under 35-14-806.
History: En. Sec. 95, Ch. 271, L. 2019.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act
Part 8. Directors and Officers
35-14-801. Board of directors -- requirements -- functions
35-14-802. Qualifications of directors
35-14-803. Directors -- number -- election
35-14-804. Election of directors -- certain classes or series of shares
35-14-805. Terms of directors generally
35-14-806. Staggered terms for directors
35-14-807. Resignation of directors
35-14-808. Removal of directors by shareholders
35-14-809. Removal of directors by judicial proceeding
35-14-810. Vacancy -- board of directors
35-14-811. Compensation of directors
35-14-812. through 35-14-819 reserved
35-14-821. Action without meeting
35-14-825. Committees of board
35-14-826. Submission of matters for shareholder vote
35-14-827. through 35-14-829 reserved
35-14-830. Standards of conduct for directors
35-14-831. Standards of liability for directors
35-14-832. Director's liability for unlawful distributions
35-14-833. through 35-14-839 reserved
35-14-841. Functions of officers
35-14-842. Standards of conduct for officers
35-14-843. Resignation and removal of officers
35-14-844. Contract rights of officers
35-14-845. through 35-14-849 reserved
35-14-850. Definitions -- indemnification and advance for expenses
35-14-851. Permissible indemnification
35-14-852. Mandatory indemnification
35-14-853. Advance for expenses
35-14-854. Court-ordered indemnification and advance for expenses
35-14-855. Determination and authorization of indemnification
35-14-856. Indemnification of officers
35-14-858. Variation by corporate action -- application
35-14-860. Definitions -- director's conflicting interest transactions
35-14-863. Shareholders' action