§421-15 Officers. The board shall elect a president, a secretary, and a treasurer, and may elect one or more vice presidents, and such other officers as may be authorized in the bylaws. The president and at least one of the vice presidents must be members and directors, but a vice president who is not a director cannot succeed to or fill the office of president. Any two of the offices of vice president, secretary, and treasurer may be combined in one person. [L 1949, c 234, pt of §1; RL 1955, §176-16; HRS §421-15]