Print Print
  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE XXII CORPORATIONS
  • CHAPTER 158 CERTAIN MISCELLANEOUS CORPORATIONS
  • Section 18 Management by officers; selection of president

Section 18. The business of every corporation shall be managed and conducted by a president, a board of not less than three directors, a clerk, treasurer and such other officers and agents as the corporation authorizes for that purpose. The directors shall choose one of their number as president.