§152504 Governing Body

Summary

The board of directors runs the corporation and sets its main policies and programs when the full membership is not meeting. The board must have at least 15 directors. It handles the corporation’s funds, except for money controlled by the trustees. The corporation must have these officers: a chairman of the board, a president, three or more vice presidents, a secretary, a treasurer, and an executive vice president. Officer duties and how directors and officers are chosen, including terms and filling vacancies, are set in the corporation’s constitution and bylaws. The regular officers are picked at the annual meeting, and the executive vice president is chosen by the board. The corporation must also have at least 15 trustees. Trustees’ selection and terms follow the constitution and bylaws. Trustees have full control over the contributed funds they raise.