§ 17-19-805 — Terms of directors generally

Wyoming § 17-19-805

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 19: WYOMING NONPROFIT CORPORATION ACT
• Art. 8: DIRECTORS AND OFFICERS

Text

(a) The articles or bylaws shall specify the terms of
directors. Except for designated or appointed directors, the
terms of directors shall not exceed five (5) years. In the
absence of any term specified in the articles or bylaws, the
term of each director shall be one (1) year. Directors may be
elected for successive terms.
(b) A decrease in the number of directors or term of
office does not shorten an incumbent director's term.
(c) Except as provided in the articles or bylaws:
(i) The term of a director filling a vacancy in the
office of a director elected by members expires at the next
election of directors by members; and
(ii) The term of a director filling any other vacancy
expires at the end of the unexpired term that the director is
filling.
(d) Despite the expiration of a director's term, the
director continues to serve until the director's successor is
elected, designated or appointed and qualifies, or until there
is a decrease in the number of directors.