The powers of the corporation are vested in and shall be exercised by the board of directors. An action taken by the board shall be authorized by resolution at a regular or special meeting and takes effect immediately unless the resolution specifies otherwise. Notice of a meeting shall be given orally or in writing not less than forty-eight hours prior to the meeting.
83 Acts, ch 207, § 23, 93
CS83, § 28.85
84 Acts, ch 1079, § 1
C93, § 15E.85
98 Acts, ch 1225, §24
Referred to in § 15.108
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