35-18-314. Officers. The officers of a cooperative consist of a president, vice president, secretary, and treasurer who must be elected annually by and from the board of trustees. A person may not continue to hold any office after the person ceases to be a trustee. The offices of secretary and of treasurer may be held by the same person. The board of trustees may also elect or appoint other officers, agents, or employees that it considers necessary or advisable and shall prescribe the powers and duties of those offices. Any officer may be removed from office and a successor elected in the manner prescribed in the bylaws.
History: En. Sec. 11, Ch. 172, L. 1939; R.C.M. 1947, 14-511; amd. Sec. 1338, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 18. Rural Cooperative Utilities
Part 3. Operation -- Members, Trustees, and Officers
35-18-302. Nonliability of members, trustees, and officers for debts of cooperative
35-18-303. Meetings of members -- general and special -- place -- notice -- quorum -- voting
35-18-304. Initiative by members -- approval of trustees not required
35-18-305. through 35-18-310 reserved
35-18-312. Trustees -- term -- quorum -- powers
35-18-315. Authority to take acknowledgments -- officer, trustee, or member
35-18-317. Disposition or encumbrance of property
35-18-318. Long-term indebtedness -- membership approval and review -- cooperative requirements
35-18-319. through 35-18-324 reserved
35-18-325. Duties of trustees and officers
35-18-326. Trustee or officer conflict of interest
35-18-328. Authority to indemnify
35-18-329. Mandatory indemnification
35-18-330. Court-ordered indemnification
35-18-331. Determination and authorization of indemnification