§40504 Governing body

Summary

The board of directors runs the corporation and can use its powers or let others act. The bylaws decide how many directors there are, how they are chosen, how vacancies are filled, and how long they serve, but there must be at least 9 directors. The board must meet at least once a year. Each director has one vote. The president is the board chair. Officers include a president, an executive vice president, a secretary, a treasurer, and six regional vice presidents, with the bylaws setting how they are chosen, their terms, duties, and powers. One person may hold both secretary and treasurer jobs, but then that person has only one director vote.