35-2-415. Qualifications and numbers of directors. (1) All directors must be individuals. The articles or bylaws may prescribe other qualifications for directors.
(2) A board of directors must consist of three or more individuals, with the number specified in or fixed in accordance with the articles or bylaws.
(3) The number of directors may be increased or decreased, but to not fewer than three, from time to time by amendment to or in the manner prescribed in the articles or bylaws.
History: En. Sec. 76, Ch. 411, L. 1991.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 2. Nonprofit Corporations
Part 4. Directors and Officers -- Indemnification
35-2-414. Requirement for and duties of board
35-2-415. Qualifications and numbers of directors
35-2-416. General standards for directors
35-2-417. Election, designation and appointment of directors
35-2-418. Director conflict of interest
35-2-419. Terms of directors generally -- staggered terms
35-2-420. Resignation of directors
35-2-421. Removal of directors elected by members or directors
35-2-422. Removal of designated or appointed directors
35-2-423. Removal of directors by judicial proceeding
35-2-425. Compensation of directors
35-2-427. Regular and special meetings
35-2-428. Action without meeting
35-2-429. Call and notice of meetings
35-2-433. Committees of the board
35-2-435. Loans to or guaranties for directors and officers
35-2-436. Liability for unlawful distributions
35-2-437. and 35-2-438 reserved
35-2-440. Duties and authority of officers
35-2-441. Standards of conduct for officers
35-2-442. Resignation and removal of officers
35-2-443. Contract rights of officers
35-2-444. Officers' authority to execute documents
35-2-447. Authority to indemnify
35-2-448. Mandatory indemnification
35-2-449. Advance for expenses
35-2-450. Court-ordered indemnification
35-2-451. Determination and authorization of indemnification
35-2-452. Indemnification of officers, employees, and agents