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·Title 31A Insurance Code·Ch. 31A-5 Domestic Stock and Mutual Insurance Corporations·Part 31A-5-4 Management of Insurance Corporations

(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.

Utah § 31A-5-408 (Election and removal of directors and officers of stock corporations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.