Qualifications of Directors. No person shall be elected or appointed a director if that person is less than 18 years of age, is of unsound mind and has been found so by a court, is not an individual, or has the status of a bankrupt. Directors may, but need not, be Stockholders.
Appears in 7 contracts
Samples: Stockholders’ Agreement (Motient Corp), Stockholders’ Agreement (Skyterra Communications Inc), Stockholders' Agreement (Motient Corp)
Qualifications of Directors. No person shall be elected or appointed a director if that person is less than 18 years of age, is of unsound mind and has been found so by a court, is not an individual, or has the status of a bankrupt. Directors may, but need notnot be, be StockholdersMembers.
Appears in 1 contract