31-432.Director conveying or losing interest in land; vacancy created.If any director shall sell and convey his assessed realty and not be an officer of a company interested, he shall no longer serve as director or officer.SourceLaws 1907, c. 153, § 26, p. 484; R.S.1913, § 1896; C.S.1922, § 1844; C.S.1929, § 31-532; R.S.1943, § 31-432.