490.205 - ORGANIZATION OF CORPORATION.

        490.205  ORGANIZATION OF CORPORATION.         1.  After incorporation:         a.  If initial directors are named in the articles of      incorporation, the initial directors shall hold an organizational      meeting, at the call of a majority of the directors, to complete the      organization of the corporation by appointing officers, adopting      bylaws and carrying on any other business brought before the meeting.         b.  If initial directors are not named in the articles, the      incorporator or incorporators shall hold an organizational meeting at      the call of a majority of the incorporators to do one of the      following:         (1)  Elect directors and complete the organization of the      corporation.         (2)  Elect a board of directors who shall complete the      organization of the corporation.         2.  Action required or permitted by this chapter to be taken by      incorporators at an organizational meeting may be taken without a      meeting if the action taken is evidenced by one or more written      consents describing the action taken and signed by each incorporator.         3.  An organizational meeting may be held in or out of this state.      
         Section History: Recent Form
         89 Acts, ch 288, §22