7-3-30. Board of directors to manage business -- Residency of directors.
The business and affairs of a corporation conducting a banking business shall be managed
by its board of directors. Directors are not required to be residents of this state or shareholders of
the corporation unless its articles of incorporation or bylaws so require.
Enacted by Chapter 16, 1981 General Session
Download Code Section Zipped WordPerfect 07_03_003000.ZIP 1,595 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009