1. (a) The initial directors shall be appointed by:

   1. (1) The organizers; or
   2. (2) The founder.

2. (b) After the appointment of the initial directors, any additional or successor director shall be appointed:

   1. (1) In accordance with the provisions of the governing documents governing the appointment of directors; or

   2. (2) If the governing documents do not contain any provision for the appointment of directors, by:

      (A) The directors; or

      (B) An amendment of the governing documents.

3. (c) Unless the governing documents provide otherwise, the duration of a director's term shall be indefinite and shall terminate only upon:

   1. (1) In the case of a director who is an individual, the director's incapacity, death, resignation, or removal; or
   2. (2) In the case of a director that is an entity, the director's dissolution, resignation, or removal.

Source. 2017, 257:47, eff. Oct. 1, 2017. 2018, 210:6, eff. June 8, 2018.