Document ID: General_Provisions_Article_8._§_55A-8-05._ Terms_of_directors_generally.

Title: {"article_title": "Article 8.", "section_title": "§ 55A-8-05.  Terms of directors generally.", "subchapter_title": "General Provisions", "type": "section"}

§ 55A-8-05.  Terms of directors generally. (a)	The articles of incorporation or bylaws may specify the terms of directors. In the absence of a contrary provision in the articles of incorporation or bylaws, the term of each director shall be one year, and directors may serve 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 of incorporation or bylaws: (1)	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 (2)	The term of a director filling any other vacancy expires at the end of the unexpired term that such 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. (1955, c. 1230; 1973, c. 192, ss. 1, 2; 1985 (Reg. Sess., 1986), c. 801, ss. 19-21; 1993, c. 398, s. 1; 1995, c. 509, s. 28.)