§ 210 Incorporator Powers Before Directors

This law says that if a company hasn't chosen its first directors yet, the person or people who started the company can do important things to get the company ready, like making rules for the company and picking directors and officers.

Key Takeaways

•If a company doesn't have directors yet, the people who started the company can make important decisions.
•They can make and change rules for the company.
•They can also pick who will be the directors and officers.

Example

Imagine you and your friend start a lemonade stand company, but you haven't chosen who will be in charge yet.

Until you pick the bosses, you and your friend can make rules for the lemonade stand and decide who will be the bosses.

If initial directors have not been named in the articles, the incorporator or incorporators, until the directors are elected, may do whatever is necessary and proper to perfect the organization of the corporation, including the adoption and amendment of bylaws of the corporation and the election of directors and officers. (Added by Stats. 1975, Ch. 682.)

Key Takeaways

•If a company doesn't have directors yet, the people who started the company can make important decisions.
•They can make and change rules for the company.
•They can also pick who will be the directors and officers.

Example

Imagine you and your friend start a lemonade stand company, but you haven't chosen who will be in charge yet.

Until you pick the bosses, you and your friend can make rules for the lemonade stand and decide who will be the bosses.

Key Takeaways

Example

Key Terms

References

§ 210 Incorporator Powers Before Directors

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References