Board of Directors

No Liability as Director for Limited Cooperative Association’s Obligations. Qualifications of Directors. Election of Directors and Composition of Board. Term of Director. Resignation of Director. Removal of Director. Suspension of Director by Board. Vacancy on Board. Remuneration of Directors. Meetings. Action Without Meeting Prohibited. Meetings and Notice. Waiver of Notice of Meeting. Quorum. Voting. Committees. Standards of Conduct and Liability. Conflict of Interest. CH. 17 THE GUAM UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT