Have Legal Questions? Ask a Lawyer Now.
Although I've never seen this provision in a by-law, I see nothing inherently wrong with it. I would phrase it simply that all meetings of directors must be chaired by the President. You don't want the 100% attendance requirement. That would give every director a veto power.
I hope this information is helpful and that you will enter a positive rating. I thank you for submitting your question to Pearl-Just Answer. We appreciate your business. If you need clarification or additional information, please send me a Reply and I will be happy to explain further. Please consult a local attorney to verify the accuracy of this information according to your state's laws.