2006 Ohio Revised Code - 1702.28. Term and classification of directors.
§ 1702.28. Term and classification of directors.
(A) Unless the articles or the regulations provide for a different term, each director shall hold office until the next annual meeting of voting members and until the director's successor is elected, or until the director's earlier resignation, removal from office, or death.
(B) The articles or the regulations may provide for the classification of directors into classes and that the terms of office of the several classes need not be uniform.
HISTORY: 126 v 432(509), § 2 (Eff 10-11-55); 148 v H 597. Eff 4-10-2001.
Not analogous to former RC § 1702.28 (GC § 8623-123; 112 v 9(53), § 123; 113 v 413(458); Bureau of Code Revision, 10-1-53); but see former RC § 1702.13 (GC § 8623-106; 112 v 9; Bureau of Code Revision, 10-1-53), former RC §§ 1702.28, 1702.13 repealed 126 v 432, § 5, eff 10-11-55.
19xx Committee Report or Comment.
1955 COMMITTEE COMMENT
Based on new Sec. 1701.57, present Sec. 1702.13 (omitting the special provision with respect to hospital life trustees), and Section 18 of the Model Act.
Disclaimer: These codes may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
