§ 472-G — Board of directors

§ 472-g. Board of directors. The property and concerns of the\ncorporation shall be managed by a board of not over twenty-five and not\nless than ten directors, who shall receive no compensation. The number\nof directors to be chosen within the maximum and minimum limit shall be\ndetermined in the manner prescribed by the by-laws. At least four in\nnumber of the directors shall be elected annually on the first day of\nMay of each year, but they shall hold office until their successors are\nelected. The board of directors in office on April first, nineteen\nhundred forty-nine, is continued in office until their successors are\nchosen.\n