- (1) A board of directors shall consist of one or more directors, with the number stated in, or fixed in accordance with, the bylaws.
- (2) The bylaws may establish, or permit the voting members or the board of directors to establish, a range for the size of the board of directors by fixing a minimum and maximum number of directors. If a range is established, the number of directors may be fixed or changed from time to time within the range by the voting members or the board of directors.
Source: L. 97: Entire article added, p. 688, § 3, effective July 1, 1998. L. 2003: (1) amended, p. 2340, § 299, effective July 1, 2004.