Qualifications of president, directors and officers

The president of a corporation formed pursuant to § 47-11E-1 shall be a shareholder and director; and, to the extent possible, all other directors and officers shall be persons having the qualifications prescribed in § 47-11E-5 . Lay directors and officers may not exercise any authority whatsoever over professional matters. Source: SL 1996, ch 228 , § 7.