55A-8-03. Number of directors.
(a) A board of directors shall consist of one or more natural persons, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
(b) The number of directors may be increased or decreased from time to time by amendment to or in the manner prescribed in the articles of incorporation or bylaws.
(c) The articles of incorporation or bylaws may establish a variable range for the size of the board of directors by fixing a minimum and maximum number of directors. If a 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 entitled to vote for directors or (unless the articles of incorporation or an agreement valid under G.S. 55A-7-30 shall otherwise provide) the board of directors. If the corporation has members entitled to vote for directors, only such members may change the range for the size of the board or change from a fixed to a variable-range size board or vice versa. (1955, c. 1230; 1973, c. 192, ss. 1, 2; 1985 (Reg. Sess., 1986), c. 801, ss. 19-21; 1993, c. 398, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act
Article 8 - Directors and Officers.
§ 55A-8-01 - Requirement for and duties of board.
§ 55A-8-02 - Qualifications of directors.
§ 55A-8-03 - Number of directors.
§ 55A-8-04 - Election, designation, and appointment of directors.
§ 55A-8-05 - Terms of directors generally.
§ 55A-8-06 - Staggered terms for directors.
§ 55A-8-07 - Resignation of directors.
§ 55A-8-08 - Removal of directors elected by members or directors.
§ 55A-8-09 - Removal of designated or appointed directors.
§ 55A-8-10 - Removal of directors by judicial proceeding.
§ 55A-8-11 - Vacancy on board.
§ 55A-8-12 - Compensation of directors.
§ 55A-8-20 - Regular and special meetings.
§ 55A-8-21 - Action without meeting.
§ 55A-8-22 - Notice of meetings.
§ 55A-8-23 - Waiver of notice.
§ 55A-8-24 - Quorum and voting.
§ 55A-8-25 - Committees of the board.
§ 55A-8-30 - General standards for directors.
§ 55A-8-31 - Director conflict of interest.
§ 55A-8-32 - Loans to or guaranties for directors and officers.
§ 55A-8-33 - Liability for unlawful loans or distributions.
§ 55A-8-41 - Duties of officers.
§ 55A-8-42 - Standards of conduct for officers.
§ 55A-8-43 - Resignation and removal of officers.
§ 55A-8-44 - Contract rights of officers.
§ 55A-8-50 - Policy statement and definitions.
§ 55A-8-51 - Authority to indemnify.
§ 55A-8-52 - Mandatory indemnification.
§ 55A-8-53 - Advance for expenses.
§ 55A-8-54 - Court-ordered indemnification.
§ 55A-8-55 - Determination and authorization of indemnification.
§ 55A-8-56 - Indemnification of officers, employees, and agents.
§ 55A-8-57 - Additional indemnification and insurance.