The corporation's business shall be conducted by the incorporators, who shall serve until the organizational meeting of the corporation, at which time not less than three directors shall be elected by the members of the corporation in accordance with the bylaws. Thereafter, the corporation's business shall be conducted by the directors.
(Ga. L. 1974, p. 545, § 9.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 18B Am. Jur. 2d, Corporations, §§ 1321, 1467 et seq.
C.J.S.- 19 C.J.S., Corporations, § 538 et seq.