§ 101120 Board Officer Elections

• •Board must elect a chairman and vice‑chairman right after the first board is appointed.
• •Each year the board must hold a meeting after the first Monday in January.
• •At that yearly meeting the board must elect a chairman and vice‑chairman again.

A new tech startup appoints its first board of directors on March 5. At that meeting they choose Jane as chairman and Tom as vice‑chairman. The next year, the board meets on January 9 (the first Monday after Jan 1) and picks new officers for the year.

The law makes the board do exactly that: elect a chairman and vice‑chairman right after the board is first set up, and then at the yearly meeting that falls after the first Monday in January.