5721 - Board of directors.
SUBCHAPTER C DIRECTORS, OFFICERS AND MEMBERS OF AN OTHER BODY Sec. 5721. Board of directors. 5722. Qualifications of directors. 5723. Number of directors. 5724. Term of office of directors. 5725. Selection of directors. 5726. Removal of directors. 5727. Quorum of and action by directors. 5728. Interested member, directors or officers; quorum. 5729. Voting rights of directors. 5730. Compensation of directors. 5731. Executive and other committees of the board. 5732. Officers. 5733. Removal of officers and agents. 5734. Other body. Enactment. Subchapter C was added as Subchapter B December 21, 1988, P.L.1444, No.177, effective October 1, 1989, and was relettered to Subchapter C December 19, 1990, P.L.834, No.198, effective immediately. § 5721. Board of directors. Unless otherwise provided by statute or in a bylaw adopted by the members, all powers enumerated in section 5502 (relating to general powers) and elsewhere in this subpart or otherwise vested by law in a nonprofit corporation shall be exercised by or under the authority of, and the business and affairs of every nonprofit corporation shall be managed under the direction of, a board of directors. If any such provision is made in the bylaws, the powers and duties conferred or imposed upon the board of directors by this subpart shall be exercised or performed to such extent and by such other body as shall be provided in the bylaws. (Dec. 21, 1988, P.L.1444, No.177, eff. Oct. 1, 1989; Dec. 19, 1990, P.L.834, No.198, eff. imd.) 1990 Amendment. Act 198 repealed former section 5721 and added a new section 5721. Young Men's Christian Associations. See section 2 of Act 271 of 1972 in the appendix to this title for special provisions relating to boards of trustees of Young Men's Christian Associations. Cross References. Section 5721 is referred to in sections 5502, 5504 of this title.