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PART I. ADMINISTRATION OF THE GOVERNMENT

TITLE XXII. CORPORATIONS

CHAPTER 156B. CERTAIN BUSINESS CORPORATIONS

DIRECTORS AND OFFICERS

Chapter 156B: Section 54. Powers of directors

Section 54. The directors may exercise all the powers of the corporation, except such as by law, by the articles of organization or by the by-laws of the corporation are conferred upon or reserved to the stockholders.