§414D-153  Required officers.  (a)  A
corporation shall have the officers described in its bylaws or appointed by the
board of directors in accordance with the bylaws.



(b)  The bylaws or the board shall delegate
responsibility to one of the officers to prepare minutes of the directors' and
members' meetings and to authenticate records of the corporation.



(c)  The same individual may simultaneously
hold more than one office in a corporation.



(d)  Officers of the corporation shall be
elected or appointed at such time and in such manner and for such terms as may
be prescribed in the articles of incorporation or the bylaws.  In the absence
of any such provision, all officers shall be elected or appointed for a term
not to exceed one year by the board of directors. [L 2001, c 105, pt of §1; am
L 2002, c 130, §53]