Section 701. Board of directors  


Latest version.
  • Subject   to   any  provision  in  the  certificate  of  incorporation
      authorized by paragraph (b) of section 620  (Agreements  as  to  voting;
      provision in certificate of incorporation as to control of directors) or
      by   paragraph  (b)  of  section  715  (Officers),  the  business  of  a
      corporation shall be  managed  under  the  direction  of  its  board  of
      directors,  each  of  whom  shall be at least eighteen years of age. The
      certificate  of  incorporation  or  the  by-laws  may  prescribe   other
      qualifications for directors.