eLaws | eCases | Oklahoma Administrative Code | Oklahoma Courts | Counties & Cities of Oklahoma | United States Code |
 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 18. CORPORATIONS

  § 18-441-805. Term of director.  

Latest version.

  • TERM OF DIRECTOR.

    (a)  Unless the organic rules otherwise provide, and subject to subsections (c) and (d) of this section and subsection (c) of Section 31 of this act, the term of a director expires at the annual members meeting following the director’s election or appointment.  The term of a director may not exceed three (3) years.

    (b)  Unless the organic rules otherwise provide, a director may be reelected.

    (c)  Except as otherwise provided in subsection (d) of this section, a director continues to serve until a successor director is elected or appointed and qualifies or the director is removed, resigns, is adjudged incompetent, or dies.

    (d) Unless the organic rules otherwise provide, a director does not serve the remainder of the director’s term if the director ceases to qualify to be a director.

Added by Laws 2009, c. 68, § 70, eff. Jan. 1, 2010.