Vacancy on Board

18 GCA § 17809 — under Guam Uniform Limited Cooperative Association Act.

18 GCA § 17809

(a) Unless the organic rules otherwise provide, a vacancy on the board of directors must be filled: (1) within a reasonable time by majority vote of the remaining directors until the next annual members meeting or a special meeting of members called to fill the vacancy; and (2) for the unexpired term by members at the next annual members meeting or a special meeting of members called to fill the vacancy. (b) Unless the organic rules or bylaws otherwise provide, if a vacating director was elected or appointed by a class of members or a district: (1) the new director must be of that class or district; and (2) the selection of the director for the unexpired term must be conducted in the same manner as would the selection for that position without a vacancy. (c) If a member appointed a vacating director, the organic rules may provide for that member to appoint a director to fill the vacancy.