Utah § 31A-5-408 Election and removal of directors and officers of stock corporations.

Utah Statutes

§ 31A-5-408 — Election and removal of directors and officers of stock corporations.

Utah § 31A-5-408

Title 31AInsurance Code

Ch. 31A-5Domestic Stock and Mutual Insurance Corporations

Part 31A-5-4Management of Insurance Corporations

This text of Utah § 31A-5-408 (Election and removal of directors and officers of stock corporations.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-5-408 (2026).

Text

(1)Sections 16-10a-721, 16-10a-724, and 16-10a-728 apply to the voting of shares of a stock corporation.

(2)At each annual meeting of shareholders, the shareholders shall elect directors to hold office until the next succeeding annual election, except as provided under Subsection (3) or (4). Each director shall hold office for the term for which the director is elected and until the director's successor is elected and qualified, if qualification is required.

(3)Sections 16-10a-808 and 16-10a-832 apply to removal of directors and officers of a stock corporation.

(4)Each director shall be subject to election at least once every three years.

(5)A vacancy in the board of directors may be filled by the affirmative vote of a majority of the remaining directors even though the number of re

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(1) Sections 16-10a-721, 16-10a-724, and 16-10a-728 apply to the voting of shares of a stock corporation.
(2) At each annual meeting of shareholders, the shareholders shall elect directors to hold office until the next succeeding annual election, except as provided under Subsection (3) or (4). Each director shall hold office for the term for which the director is elected and until the director's successor is elected and qualified, if qualification is required.
(3) Sections 16-10a-808 and 16-10a-832 apply to removal of directors and officers of a stock corporation.
(4) Each director shall be subject to election at least once every three years.
(5) A vacancy in the board of directors may be filled by the affirmative vote of a majority of the remaining directors even though the number of remaining directors is less than a quorum. The director elected through this process shall serve only until the next regular shareholders meeting at which a director's election may be held.