Commencement of directors' terms--Vacancies--Director filling unexpired term

Each director shall take office on January first of the year following the election, or not later than sixty days after a special election. An office becomes vacant: (1) Upon the occurrence of any event listed in § 3-4-1 ; or (2) Upon the expiration of a term of office, if no qualifying petitions have been filed or if no successor has qualified for the office, unless otherwise provided in chapters 46A-3A to 46A-3E , inclusive. If an office becomes vacant, the remaining directors must fill the position by appointing a qualified candidate from the director area for which a vacancy exists. The individual appointed to fill the vacancy shall serve for the remainder of the unexpired term. Source: SL 1984 (SS), ch 1 , § 23; SL 1989, ch 386 , § 5; SL 1991, ch 372 ; SL 2016, ch 217 , § 3; SL 2017, ch 191 , § 1; SL 2020, ch 196 , § 2; SL 2025, ch 186 , § 29.