§414D-115 - Other methods of electing directors.
§414D-115 Other methods of electing directors. (a) A corporation may provide in its articles or bylaws for the election of directors by members or delegates:
(1) On the basis of chapter or other organizational unit;
(2) By region or other geographic unit;
(3) By preferential voting; or
(4) By any other reasonable method.
(b) Where directors or officers are to be elected by members, the bylaws or board of directors may allow the election to be conducted by mail if no less than two thousand five hundred members are eligible to vote on the record date determined pursuant to section 414D-107, and the primary purpose of the corporation is the management of a planned community as defined in section 421J-2. Except for the corporations described in this subsection, the election of directors may be conducted by mail only if so provided in a corporation's bylaws or articles of incorporation. [L 2001, c 105, pt of §1; am L 2002, c 130, §51; am L 2003, c 87, §1]