78.340 - Failure to hold election of directors on regular day does not dissolve corporation.
78.340 Failure to hold election of directors on regular day does not dissolve corporation. If the directors shall not be elected on the day designated for the purpose, the corporation shall not for that reason be dissolved; but every director shall continue to hold office and discharge the duties of a director until a successor has been elected.
[34:177:1925; NCL § 1633]