LAW 633 Lecture 17: BA - Prof Sharpe - Class 17
31 May 2020
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The number of directors shall be fixed by, or in the manner provided in, the bylaws, unless the certificate of incorporation fixes the number. Page 1 of 8 of directors, in which case a change in the number of directors shall be made only by amendment of the certificate. Directors need not be stockholders unless so required by the certificate of incorporation or the bylaws. The certificate of incorporation or bylaws may prescribe other qualifications for directors. Each director shall hold office until such director"s successor is elected and qualified or until such director"s earlier resignation or removal. Any director may resign at any time upon notice given in writing or by electronic transmission to the corporation. A resignation is effective when the resignation is delivered unless the resignation specifies a later effective date or an effective date determined upon the happening of an event or events.
