257. The board of directors shall hold a regular meeting at least once every month. The board shall, at its first meeting of the year, adopt the schedule of the meetings for the whole year.
Within 15 days after the first meeting of the year, the secretary of the corporation shall publish in a newspaper circulating in the territory of the corporation a notice stating the date, time and place of the regular meetings of the board of directors.
1978, c. 104, s. 23; 1979, c. 72, s. 431; 1983, c. 45, s. 43; 1985, c. 31, s. 23.