362.260. Vacancies in board of directors.
Vacancies in board of directors.
362.260. 1. All vacancies in the office of directors shallbe filled by election by the stockholders except as hereinprovided.
2. Vacancies not exceeding one-third of the whole number ofthe board may be filled by the affirmative vote of a majority ofthe directors then in office, and the directors so elected mayhold office until such vacancies are filled by the stockholdersat a special or annual meeting.
(RSMo 1939 § 7961)Prior revisions: 1929 § 5366; 1919 § 11749