17-6007. Powers of incorporators.
17-6007
17-6007. Powers of incorporators.
If the persons who are to serve as directors until the first annual
meeting of stockholders have not been named in the articles of
incorporation, the incorporator or incorporators, until the directors are
elected, shall manage the affairs of the corporation and may do whatever is
necessary and proper to obtain the necessary subscriptions for stock and to
perfect the organization of the corporation, including the adoption of the
original bylaws of the corporation and the election of directors.
History: L. 1972, ch. 52, § 7; July 1.