(A) The board of directors shall meet as often as necessary and at least quarterly. (B) Unless the bylaws provide otherwise, one regular meeting each calendar year must be conducted in person. If a quorum is present in person for the annual in person meeting, then the remaining board members may participate using audio or video teleconference methods. The other regular meetings may be conducted using audio or video teleconference methods. Effect of Amendment 2018 Act No. 186, SECTION 3, inserted the (A) designator and added (B), relating to meeting requirements. 2021 Act No. 30, SECTION 16, in (A), substituted "as often as necessary and at least quarterly" for "at least monthly and at other times as is necessary".
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