17-1612.   Officers; requirements; elections.(a) The directors shall elect from their number a president or chairperson. Thedirectors shall also elect one or more vice-presidents or vice-chairpersons,one of whom shall be a director. The directors shall also elect a secretary anda treasurer, who need not be directors, and the directors may combine the twolatter offices and designate the combined office as secretary-treasurer. Thetreasurer may be a bank or any depository, and as such shall not be consideredas an officer but as a function of the board of directors. In such case thesecretary shall perform the usual accounting duties of the treasurer, exceptthat the funds shall be deposited only as authorized by the board of directors.

      (b)   Notwithstanding the authority of members or voting stockholders topetition for removal of any officer or director pursuant to K.S.A. 17-1614, andamendments thereto, any officer elected pursuant to subsection (a) may beremoved from such office by a vote of the board of directors. The board mayelect a replacement for such officer who has been removed. Nothing in thissubsection shall be construed as removing from the board of directors any suchofficer removed from such office pursuant to the provisions of this subsection.

      History:   L. 1921, ch. 148, § 12;R.S. 1923, 17-1612;L. 1965, ch. 151, § 1;L. 1992, ch. 227, § 12;L. 2004, ch. 28, § 1; July 1.