Terms of directors generally

180.0805 Terms of directors generally. (1) The terms of the directors of a corporation, including the initial directors, expire at the next annual shareholders’ meeting unless their terms are staggered under s. 180.0806. (2) A decrease in the number of directors may not shorten an incumbent director’s term. (3) Despite the expiration of a director’s term, the director shall continue to serve, subject to ss. 180.0807, 180.0808 and 180.0809, until his or her successor is elected and, if necessary, qualifies or until there is a decrease in the number of directors. History: 1989 a. 303.