§ 355.331 — Terms of directors, generally.
This text of Missouri § 355.331 (Terms of directors, generally.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Text
1. The articles or bylaws shall specify the terms of directors. Except for designated or appointed directors, the terms of directors may not exceed six years. In the absence of any term specified in the articles or bylaws, the term of each director shall be one year. Directors may be elected for successive terms. 2. A decrease in the number of directors or term of office does not shorten an incumbent director's term. 3. Except as provided in the articles or bylaws:
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Missouri § 355.331, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/355/355.331.