Section 180.0805. Terms of directors generally.

 

(1)  The terms of the directors of a corporation, including the initial directors, expire at the next annual shareholders' meeting unless their terms are staggered under s. 180.0806 .

(2)  A decrease in the number of directors may not shorten an incumbent director's term.

(3)  Despite the expiration of a director's term, the director shall continue to serve, subject to ss. 180.0807 , 180.0808 and 180.0809 , until his or her successor is elected and, if necessary, qualifies or until there is a decrease in the number of directors.

1989 a. 303 .