490.804 - ELECTION OF DIRECTORS BY CERTAIN CLASSES OF SHAREHOLDERS.
490.804 ELECTION OF DIRECTORS BY CERTAIN CLASSES OF SHAREHOLDERS. If the articles of incorporation authorize dividing the shares into classes, the articles may also authorize the election of all or a specified number of directors by the holders of one or more authorized classes of shares. Each class, or classes, of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors.
Section History: Recent Form 89 Acts, ch 288, §75