Board of directors -- Qualifications

(1) The affairs of a corporation shall be managed by a board of directors. Except as provided in subsection (2) of this section, directors need not be residents of this state or members of the corporation unless the articles of incorporation or the bylaws so require. The articles of incorporation or the bylaws may prescribe other qualifications for directors. (2) The members of the board of directors of a fire department organized under this chapter shall be residents of the geographic area served by the corporation. A vacancy shall be declared to exist if a member no longer resides within the geographic area served by the corporation at any time during his or her term of office.