§ 25-304. Board of directors -- Tenure; vacancies

Latest version.

   (a) Regular term. --

   (1) Except as provided in subsection (b) of this section, the term of each director elected or appointed under § 25-303 of this subtitle is 3 years.

   (2) Each director shall serve until a successor is elected or appointed.

(b) Vacancies. -- A director who is elected or appointed to fill a vacancy caused by death or resignation shall hold the office for the rest of the term and until a successor is elected or appointed.

HISTORY: An. Code 1957, art. 25, § 183; 2013, ch. 119, § 2.

                    
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