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Extended terms


Guest anthony divincenzo

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59 minutes ago, Guest anthony divincenzo said:

If a director wants to serve more than the time allotted as defined by laws, what is the procedure.

For instances our president’s 2 year term is up and he wants to remain president for another year.

The procedure would be to elect him to another term. Since he apparently only wishes to serve for one more year and the term is two years, I suppose he would then resign after one year.

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Guest Anthony, do your bylaws permit the president to serve for another term? If your bylaws do not permit him to serve another term, then he cannot serve any part of am additional term. However, if he is eligible for an additional term, he may be elected to a full term and then resign midterm. There is no provision to elect him for only one year of a two-year term. If the bylaws specify that a term is two years, that is what he must be elected to.

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