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. A class (or classes) of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors. (1901, c. 2, ss. 14, 39; Rev., ss. 1147, 1182; C.S., ss. 1144, 1175; 1927, c. 138; G.S., ss. 55-48, 55-112; 1955, c. 1371, s. 1; 1959, c. 1316, s. 33; 1969, c. 751, ss. 10, 11; 1989, c. 265, s. 1.)
Sections: Previous 55-7-46 55-7-47 55-7-48 55-7-49 55-8-01 55-8-02 55-8-03 55-8-04 55-8-05 55-8-06 55-8-07 55-8-08 55-8-09 55-8-10 55-8-11 Next
Last modified: March 23, 2014