Section 10.20.166 - Organizational meeting of directors(a) After the issuance of the certificate of incorporation, an organizational meeting of the board of directors named in the articles of incorporation shall be held at a designated place, by remote communication, or at a designated place and by remote communication at the call of a majority of the incorporators, for the purpose of adopting bylaws, electing officers, and the transaction of other business as may come before the meeting. The designated place may be inside or outside the state. The incorporators calling the meeting shall give at least three days' notice of the meeting by mail to each director named, and the notice must state the time and place of the meeting.(b) A first meeting of the members may be held at the call of a majority of the directors for purposes stated in the notice of the meeting.Amended by SLA 2021, ch. 1,sec. 27, eff. 3/31/2021 and retroactive to 3/11/2020.