1. The terms of the initial directors of a corporation expire at the firstshareholders’ meeting at which directors are elected. 2. a. The terms of all other directors expire at the next, or if their terms are staggered in accordance with section 490.806, at the applicable second or third, annual shareholders’ meeting following their election. b. Paragraph “a” does not apply in any of the following circumstances: (1) To the extent provided in section 490.1022 if a bylaw electing to be governed by that section is in effect. (2) A shorter term isspecified in the articles of incorporation in the event of a director nominee failing to receive a specified vote for election. 3. A decrease in the number of directors does not shorten an incumbent director’s term. 4. The term of a director elected tofilla vacancy expires at the next shareholders’ meeting at which directors are elected. 5. Except to the extent otherwise provided inthe articles of incorporation or under section 490.1022, if a bylaw electing to be governed by that section is in effect, despite the expiration of a director’s term, the director continues to serve until the director’s successor is elected and qualifies or there isa decrease in the number of directors. 230
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