35-2-425. Compensation of directors. Unless the articles or bylaws provide otherwise, the board of directors may fix the compensation of directors.

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Terms Used In Montana Code 35-2-425

  • articles: include amended and restated articles of incorporation and articles of merger. See Montana Code 35-2-114
  • board of directors: means the board of directors except that a person or group of persons is not the board of directors because of powers delegated to that person or group pursuant to 35-2-414. See Montana Code 35-2-114
  • Bylaws: means the code, codes, or rules, other than the articles, adopted pursuant to this chapter for the regulation or management of the affairs of the corporation, regardless of the name or names by which the code, codes, or rules are designated. See Montana Code 35-2-114
  • Directors: means individuals:

    (a)designated in the articles or bylaws or elected by the incorporators and their successors; and

    (b)elected or appointed by any other name or title to act as members of the board. See Montana Code 35-2-114