§ 17-19-205 — Organization of corporation

(a) After incorporation:
(i) If initial directors are named in the articles of
incorporation, the initial directors shall hold an
organizational meeting, at the call of a majority of the
directors, to complete the organization of the corporation by
appointing officers, adopting bylaws and carrying on any other
business brought before the meeting;
(ii) If initial directors are not named in the
articles, the incorporator or incorporators shall hold an
organizational meeting at the call of a majority of the
incorporators:
(A) To elect directors and complete the
organization of the corporation; or
(B) To elect a board of directors who shall
complete the organization of the corporation.
(b) Action required or permitted by this act to be taken
by incorporators at an organizational meeting may be taken
without a meeting if the action taken is evidenced by one (1) or
more written consents describing the action taken and signed
either manually or in facsimile by each incorporator.
(c) An organizational meeting may be held in or out of
this state.