85-9-402. Officers and meetings. (1) The directors shall select from among themselves a chairman, vice-chairman, secretary, and other necessary officers. The directors shall adopt bylaws and rules for the conduct of meetings. All official acts of the directors shall be entered in a book of minutes to be kept by the secretary.
     (2) The directors shall establish times for regular meetings and may hold special meetings upon the call of the chairman or any two members and (except in case of emergency) upon at least 3 days' notice of the time, place, and purpose of the meeting.

     History: En. Sec. 13, Ch. 100, L. 1969; R.C.M. 1947, 89-3413.