(1) A board of directors shall consist of three or more directors, with the number specified in, or fixed in accordance with, the bylaws.
(2) (a) The bylaws may establish, or permit the voting
members or the board of directors to establish, a range for the size of the
board of directors by fixing a minimum and maximum number of directors.
(b) If a range for the size of the board of directors is established in accordance with Subsection (2)(a), the number of directors may be fixed or changed from time to time within the range by:
(i) the voting members; or
(ii) the board of directors.
Enacted by Chapter 300, 2000 General Session