§ 21503. Governing body

• (a)
  • (1) The board of governors is the governing body of the corporation.
  • (2) The board shall have at least 12 governors, divided into 3 classes of equal numbers. One class of governors shall be elected each year for a term of 3 years or until their successors are elected. The corporation shall elect the governors at its annual meeting.
• (b) Five governors are a quorum for the transaction of business, except that a majority vote of the board is required for—
  • (1) the sale or alienation of any real or personal estate of the corporation; or
  • (2) the leasing of real estate of the corporation for a term of more than one year.
• (c) The board may—
  • (1) adopt and amend bylaws, as may be necessary and proper, related to—
    • (A) elections and meetings;
    • (B) qualifications and duties of governors and officers;
    • (C) admission and qualifications of members; and
    • (D) management and disposition of the property, business, and concerns of the corporation;
  • (2) conduct all business of the corporation;
  • (3) fill, until the next annual election, a vacancy on the board; and
  • (4) appoint attending and resident physicians and surgeons, agents, assistants, and attendants as may be necessary, set their compensation, and discharge them.