(A) The board of directors shall meet at least monthly and at other times as is necessary.
(B) Unless the bylaws provide otherwise, one regular meeting each calendar year must be conducted in person. If a quorum is present in person for the annual in person meeting, then the remaining board members may participate using audio or video teleconference methods. The other regular meetings may be conducted using audio or video teleconference methods.
HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996; 2018 Act No. 186 (S.337), Section 3, eff May 15, 2018.
Effect of Amendment
2018 Act No. 186, Section 3, inserted the (A) designator and added (B), relating to meeting requirements.