Title 7 – Corporations and Associations
Article 122 – Incorporation
Organization of nonprofit corporation
7-122-105. Organization of nonprofit corporation
(1) After incorporation:
(a) If initial directors are not named in the articles of incorporation, the incorporators shall hold a meeting, at the call of a majority of the incorporators, to adopt initial bylaws, if desired, and to elect a board of directors; and
(2) Action required or permitted by articles 121 to 137 of this title to be taken by incorporators at an organizational meeting may be taken without a meeting if the action is taken in the manner provided in section 7-128-202 for action by directors without a meeting.
Source: L. 97: Entire article added, p. 662, § 3, effective July 1, 1998.