Section 1. Members
The corporation shall have no members. Any action or vote required or permitted by law to be taken by members of the corporation shall be taken by action or cote of the same percentage of Directors.
Section 2. Board of Directors
The affairs of the corporation shall be managed by the directors who may exercise all the powers of the corporation.
2.2 Number and Election
The corporation shall have a board of not more than 11 nor fewer than 4 directors. The initial
board shall be those directors named in the Articles of Organization and thereafter shall be elected by the directors at the annual meeting to hold office until the next annual meeting. Directors must be members of NIA International.
There shall be a standing Executive Committee composed of the officers of the board. The Executive Committee shall exercise full power and authority over the corporation in between meetings of the board.
The directors may appoint special committees as the need may arise, and may delegate to any such committee and or all of their powers, provided that any committee to which the powers of the directors are delegated shall consist solely of directors. The members of any special committee shall be appointed by and serve at the pleasure of the directors.
Unless otherwise directed by the board, all committees shall conduct their affairs in the same manner as is provided in these bylaws for the board.
2.4 Annual Meeting
The annual meeting of the board shall be held within six months after the end of the fiscal year of the corporation on such date and at such hour and place as the directors shall determine. In the event that no date for the annual meeting is established or such meeting has not been held on the date so determined, a special meeting in lieu of the annual meeting may be held with all of the force and effect of an annual meeting.
23 Regular and Special Meetings
Regular meeting of the directors may be held at such places and at such times as the directors may determine. Special meetings of the directors may be held at any time and at any place