When a vacancy on the board of directors occurs, other than by expiration of term, the remaining members of the board by a majority vote shall fill the vacancy unless the bylaws provide for an election of directors by districts. In such a case the board of directors shall immediately call a special meeting of the members or stockholders in that district to fill the vacancy.
HISTORY: 1962 Code Section 12-962; 1952 Code Section 12-962; 1942 Code Section 6510; 1932 Code Section 6510; Civ. C. '22 Section 3414; 1921 (32) 339.
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