<?xml version='1.0' encoding='utf-8'?>
<section article="gca" article_name="Corporations and Associations" number="2-403" title_number="2" title_name="Corporations in General -- Formation, Organization, and Operation" subtitle_number="4" subtitle_name="Directors and Officers">
  <level label="a">
    <text>Each director and each nominee for director of a corporation shall have the qualifications required by the charter or bylaws of the corporation.</text>
  </level>
  <level label="b">
    <text>Unless required by its charter or bylaws, a director need not be a stockholder in the corporation.</text>
  </level>
</section>
