(2) The board of directors may hold regular or special meetings in or out of this state. 16-10a-801 Requirement for and duties of board of directors.(1) Except as provided in Section 16-10a-732, each corporation shall have a board of directors. Our lawyer-drafted, Utah-specific corporate bylaws template makes it easy to craft bylaws for your corporation. Who is subject to this Law? A copy of the corporation's most recent annual report. Keep it clear and relevant. Summarize the email's main point or purpose. Documentation: Corporate minutes provide a written record of important discussions, resolutions, and transactions conducted during corporate meetings. Members of the Board of Directors shall not be absent from three consecutive meetings or fifty percent of called meetings in a year without sending a.