Qualifications of directors.

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A director shall be an individual. The bylaws may prescribe other qualifications for directors. A director need not be a resident of this state or a member of the nonprofit corporation unless the bylaws so prescribe.

Source: L. 97: Entire article added, p. 688, § 3, effective July 1, 1998. L. 2004: Entire section amended, p. 1510, § 295, effective July 1; entire section amended, p. 342, § 1, effective August 4.

Editor's note: Amendments to this section by House Bill 04-1398 and House Bill 041224 were harmonized.


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