Rhode Island § 7-6.2-9 § 7-6.2-9. Directors; officers.

Rhode Island Statutes

§ 7-6.2-9 — § 7-6.2-9. Directors; officers.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-6.2 Workersâ€™ Cooperatives

§ 7-6.2-9. Directors; officers.
(a) The bylaws of a workers' cooperative shall provide for the election, terms, classifications,
            if any, and removal of directors and officers in accordance with the provisions of
            this chapter or the provisions of chapter 1.2 of title 7.
         
(b) In the absence of any bylaw provision, elections, terms, classifications, and removal
            procedures shall be governed by the provisions of chapter 1.2 of title 7.
         
(c) Nonmembers may serve as directors or officers of a workers' cooperative, but at no
            time shall there be a majority of nonmember directors.
  

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§ 7-6.2-9. Directors; officers.

(a) The bylaws of a workers' cooperative shall provide for the election, terms, classifications, if any, and removal of directors and officers in accordance with the provisions of this chapter or the provisions of chapter 1.2 of title 7.

(b) In the absence of any bylaw provision, elections, terms, classifications, and removal procedures shall be governed by the provisions of chapter 1.2 of title 7.

(c) Nonmembers may serve as directors or officers of a workers' cooperative, but at no time shall there be a majority of nonmember directors.

(d) Vacancies in director positions resulting from death, resignation, or removal shall be filled by a vote of the member directors.

Rhode Island § 7-6.2-9 (§ 7-6.2-9. Directors; officers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.