Legislation
SECTION 702
Number of directors
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 7
§ 702. Number of directors.
(a) The number of directors constituting the entire board shall be not
less than three. Subject to such limitation, such number may be fixed by
the by-laws or by action of the members or of the board under the
specific provisions of a by-law allowing such action, or by any number
within a range set forth in the by-laws. If not otherwise fixed under
this paragraph, the number shall be three.
(b) The number of directors may be increased or decreased by amendment
of the by-laws or by action of the members, or of the board under the
specific provisions of a by-law, subject to the following limitations:
(1) If the board is authorized by the by-laws to change the number of
directors, whether by amending the by-laws or by taking action under the
specific provisions of a by-law, such amendment or action shall require
the vote of a majority of the entire board.
(2) No decrease shall shorten the term of any incumbent director.
(a) The number of directors constituting the entire board shall be not
less than three. Subject to such limitation, such number may be fixed by
the by-laws or by action of the members or of the board under the
specific provisions of a by-law allowing such action, or by any number
within a range set forth in the by-laws. If not otherwise fixed under
this paragraph, the number shall be three.
(b) The number of directors may be increased or decreased by amendment
of the by-laws or by action of the members, or of the board under the
specific provisions of a by-law, subject to the following limitations:
(1) If the board is authorized by the by-laws to change the number of
directors, whether by amending the by-laws or by taking action under the
specific provisions of a by-law, such amendment or action shall require
the vote of a majority of the entire board.
(2) No decrease shall shorten the term of any incumbent director.