31A-5-408. Election and removal of directors and officers of stock corporations.
(1) Sections,, andapply to the voting of shares of a stock corporation. 16-10a-721 16-10a-724 16-10a-728
(2) At each annual meeting of shareholders, the shareholders shall elect directors to hold office until the next succeeding annual election, except as provided under Subsectionor. Each director shall hold office for the term for which the director is elected and until the director's successor is elected and qualified, if qualification is required. (3) (4)
(3) Sectionsandapply to removal of directors and officers of a stock corporation. 16-10a-808 16-10a-832
(4) Each director shall be subject to election at least once every three years.
(5) A vacancy in the board of directors may be filled by the affirmative vote of a majority of the remaining directors even though the number of remaining directors is less than a quorum. The director elected through this process shall serve only until the next regular shareholders meeting at which a director's election may be held.