Offshore Banking with a Swiss Bank Account and Nevis LLC
Officers 58. (1) Every corporation shall have (i) a president and treasurer, or a managing director, and (ii), a secretary, who shall each be appointed by the board or in the manner directed by the articles of incorporation or the bylaws. Such other officers shall be appointed as are required by the articles or the bylaws or as the board may determine are desirable or necessary to carry on the business of the corporation. All officers shall be natural persons except the secretary which may be a corporation. (2) The articles of incorporation may provide that all officers or that specified officers shall be elected by the shareholders instead of by the board. (3) Unless otherwise provided in the articles of incorporation bylaws, all officers shall be elected or appointed to hold office until the meeting of the board following the next annual meeting of shareholders, or in the case of officers elected by the shareholders, until the next annual meeting of the shareholders. (4) Each officer shall hold office for the term for which he is elected or appointed, and until his successor has been elected or appointed and qualified. (5) Any two or more offices may be held by the same person unless the articles of incorporation or bylaws otherwise provide. (6) The board may require any officer to give security for the faithful performance of his duties. (7) All officers as between themselves and the corporation shall have such authority and perform such duties with respect to the management of the corporation as may be provided in the bylaws or, to the extent not so provided, by the board. (8) Officers maybe of any nationality and need not be residents of Nevis.
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