§ 5-203. Calling of organization meeting

Latest version.

   Notwithstanding the provisions of Title 2 of this article, the organization meeting of the board of directors named in the charter of a nonstock corporation may be called by either:

   (1) A majority of the incorporators; or

   (2) Not less than one third of the directors named in the charter.

HISTORY: An. Code 1957, art. 23, § 135; 1975, ch. 311, § 2.

                    
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