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2021 Nebraska Revised Statutes
Chapter 70 - Power Districts and Corporations
70-718 - Board of directors; number; powers; qualifications.
Universal Citation:
NE Code § 70-718 (2021)
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70-718. Board of directors; number; powers; qualifications.
The business and affairs of a corporation shall be managed by a board of directors, not less than five in number, which shall exercise all the powers of the corporation except such as are conferred upon the members by sections 70-701 to 70-738, by the articles of incorporation, or by the bylaws of the corporation. The bylaws may prescribe qualifications for directors.
Source
- Laws 1937, c. 50, § 18, p. 208;
- C.S.Supp.,1941, § 70-818;
- R.S.1943, § 70-718.
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