Persons appointed or elected according to law, authorized to manageand direct the affairs of a corporation or company. The whole of the directors collectivelyform the board of directors. BrandtGodwin (City Ct.) 3 N. Y. Supp. 809; May- nard v. Insurance Co., 34 Cal. 48, 91 Am.Dec. 672; Pen. Code N. Y. 1903,

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