§ 23-17-220 — Board of directors - Meetings

(a) Meetings of the board of directors, regular or special, shall be held at such place and upon such notice as the bylaws may prescribe. (b) (1) Neither the business to be transacted at, nor the purpose of, any regular meeting of the board of directors need be specified in the notice or waiver of notice of the meeting. (2) The notice of a special meeting of the board shall state the purpose of and the business to be transacted at the meeting. (c) (1) A majority of the board of directors shall constitute a quorum for the transaction of business unless a greater number is required by the articles of incorporation or by the bylaws. (2) The act of a majority of the directors present at a meeting at which a quorum is present shall be the act of the board unless the act of a greater number is required by the articles of incorporation or by the bylaws.

Legislative History

Acts 1951, No. 51, §§ 22, 23; A.S.A. 1947, §§ 77-1622, 77-1623; Acts 1989, No. 437, § 13.