Section 37-4-4

Published: 2015

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Section 37-4-4

Section 37-4-4Directors not to delegate or relinquish duties.

The directors of corporations which are utilities engaged in any intrastate business in this state shall not, in any manner, delegate or temporarily or permanently relinquish or surrender their duty or obligation while occupying said office.

(Acts 1932, Ex. Sess., No. 232, p. 233; Code 1940, T. 48, §306.)