Instead of electing all directors annually, the bylaws may provide that directors shall be elected for terms not to exceed four years, or until their successors are elected and qualify, and that the terms of directors shall be staggered so that not all terms expire at the same time.
AS 10.25.160
Staggered terms of office for directors
Known as the Electric and Telephone Cooperative Act
The act spans §§ 10–10 (77 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.