§ 117-14. Powers of board. - North Carolina Statutes

§ 117‑14.  Powersof board.

The board shall have power to do all things necessary or convenient inconducting the business of a corporation, including, but not limited to:

(1)        The power to adopt and amend bylaws for the management andregulation of the affairs of the corporation: Provided however, that thecertificate of incorporation may reserve to the members of the corporation thepower to amend the bylaws. The bylaws of a corporation may make provisions notinconsistent with law or its certificate of incorporation, regulating theadmission, withdrawal, suspension or expulsion of members; the transfer ofmembership; the fees and dues of members and the termination of memberships onnonpayment of dues or otherwise; the number, times and manner of choosing,qualifications, terms of office, official designations, powers, duties, andcompensations of its officers; defining a vacancy in the board or in any officeand the manner of filling it; the number of members to constitute a quorum atmeetings, the date of the annual meeting and the giving of notice thereof, andthe holding of special meetings and the giving of notice thereof; the terms andconditions upon which the corporation is to render service to its members; thedisposition of the revenues and receipts of the corporation; regular andspecial meetings of the board and the giving of notice thereof.

(2)        To appoint agents and employees and to fix theircompensation and the compensation of the officers of the corporation.

(3)        To execute instruments.

(4)        To delegate to one or more of the directors or to the agentsand employees of a corporation such powers and duties as it may deem proper.

(5)        To make its own rules and regulations as to its procedure. (1935, c. 291, s. 9; 1941, c. 260.)