§30903 Governing Body

Summary

An executive board made up of U.S. citizens runs the corporation. The bylaws say how many board members there are, who can serve, and how long they serve. If a seat becomes vacant, the remaining board members must fill it by a majority vote. The bylaws can also set how many members are needed to do business (a quorum), and that number can be less than a majority. By a majority vote of all board members, the board can create an executive or governing committee of 3 or more people; a majority of that committee is a quorum. That committee can carry out board powers and approve the corporate seal as allowed by the creating vote or the bylaws. The board can also, by majority vote, appoint other standing committees and give them powers in the bylaws.