§ 4.1-45-09 — Officers - Removal - Vacancies

The officers of the association must be a president, vice president, secretary, treasurer, and
such other officers as may be created by the board of directors. An officer of the association
shall perform the duties of the office as prescribed by law, the bylaws, or the board of directors.
Any two or more offices may be held by the same individual except the offices of president and
secretary. The president, vice president, secretary, and treasurer must be elected annually by
the board of directors. Any office created by the board may be filled by appointment at any
meeting of the board. Each elected officer holds office until that officer's successor has been
duly elected and qualified. Any officer elected or appointed may be removed by the board. The
removal of any officer is without prejudice to any contractual rights of the officer. Election or
appointment of an officer or agent does not create contractual rights. A vacancy in any office
may be filled by the board of directors for the unexpired portion of the term.