§ 2-403. Qualifications of directors

Latest version.

(a) In general. -- Each director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.

(b) Director need not own stock. -- Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.

HISTORY: An. Code 1957, art. 23, § 52; 1975, ch. 311, § 2.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');