Section 47-11A-7 - Qualifications of president, directors, and officers.
47-11A-7. Qualifications of president, directors, and officers. The president of a corporation formed under § 47-11A-1 shall be a shareholder and a director, and to the extent possible all other directors and officers shall be persons having the qualifications prescribed in § 47-11A-5. Lay directors and officers shall not exercise any authority whatsoever over professional matters.
Source: SL 1970, ch 258, § 1 (6).