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Title 7 – Corporations and Associations Article 128 – Directors and Officers Vacancy on board 7-128-110. Vacancy on board (1) Unless otherwise provided in the bylaws, if a vacancy occurs on a board of directors, including a vacancy resulting from an increase in the number of directors: (a) The voting members, if any, may fill […]
Title 7 – Corporations and Associations Article 128 – Directors and Officers Compensation of directors Unless otherwise provided in the bylaws, the board of directors may authorize and fix the compensation of directors.
Title 7 – Corporations and Associations Article 121 – General Provisions Filing requirements Part 3 of article 90 of this title, providing for the filing of documents, applies to any document filed or to be filed by the secretary of state pursuant to articles 121 to 137 of this title.
Title 7 – Corporations and Associations Article 126 – Members and Memberships Transfers 7-126-202. Transfers (1) Unless otherwise provided by the bylaws, no member of a nonprofit corporation may transfer a membership or any right arising therefrom. (2) Where transfer rights have been provided, no restriction on them shall be binding with respect to a […]
Title 7 – Corporations and Associations Article 126 – Members and Memberships Creditor’s action against member No proceeding may be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless final judgment has been rendered in favor of the creditor against the nonprofit corporation and execution has […]
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Nonprofit corporation’s acceptance of votes 7-127-204. Nonprofit corporation’s acceptance of votes (1) If the name signed on a vote, consent, written ballot, waiver, proxy appointment, or proxy appointment revocation corresponds to the name of a member, the nonprofit corporation, if acting in […]
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Quorum and voting requirements for voting groups 7-127-205. Quorum and voting requirements for voting groups (1) Members entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those members exists […]
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Action by single and multiple voting groups 7-127-206. Action by single and multiple voting groups (1) If articles 121 to 137 of this title or the bylaws provide for voting by a single voting group on a matter, action on that matter […]
Title 7 – Corporations and Associations Article 121 – General Provisions Powers – repeal. (Repealed)
Title 7 – Corporations and Associations Article 126 – Members and Memberships Termination, expulsion, or suspension 7-126-302. Termination, expulsion, or suspension (1) Unless otherwise provided by the bylaws, no member of a nonprofit corporation may be expelled or suspended, and no membership or memberships in such nonprofit corporation may be terminated or suspended except pursuant […]
Title 7 – Corporations and Associations Article 126 – Members and Memberships Purchase of memberships Unless otherwise provided by the bylaws, a nonprofit corporation shall not purchase the membership of a member who resigns or whose membership is terminated. If so authorized, a nonprofit corporation may purchase the membership of a member who resigns or […]
Title 7 – Corporations and Associations Article 126 – Members and Memberships Residential membership – return of consideration – cessation of periodic payments – time limits – effective date (1) Notwithstanding any provision of the articles of incorporation or bylaws to the contrary: (a) (I) A residential nonprofit corporation shall refund the entrance fee of […]