Sec. 33-737. Number and election of directors.
Sec. 33-737. Number and election of directors. (a) A board of directors shall
consist of one or more individuals, with the number specified in or fixed in accordance
with the certificate of incorporation or bylaws.
(b) The number of directors may be increased or decreased from time to time by
amendment to, or in the manner provided in, the certificate of incorporation or the
bylaws.
(c) Directors are elected at the first annual shareholders' meeting and at each annual
meeting thereafter unless their terms are staggered under section 33-740.
(P.A. 94-186, S. 85, 215; P.A. 96-271, S. 63, 254.)
History: P.A. 94-186 effective January 1, 1997; P.A. 96-271 replaced "articles" of incorporation with "certificate" of
incorporation where appearing, effective January 1, 1997.
Annotations to former section 33-45:
An officer annually elected usually holds office until his successor is chosen. 6 C. 428; 9 C. 536; 81 C. 473.
Annotations to former section 33-46:
Provision as to any director representing corporation as director of another. 55 C. 455. Increasing number by change
in bylaws does not create "vacancy" which directors can fill. 75 C. 669. Requirements as to being stockholder means
beneficial ownership. 87 C. 601.
Annotations to former section 33-314:
Cited. 150 C. 243.
Cited. 14 CA 184.
Subsec. (a):
Cited. 171 C. 23, 30.
Subsec. (e):
See annotations to former section 33-45, above.