Code of Virginia - Title 13.1 Corporations - Section 13.1-676 Election of directors by certain classes of shareholders

§ 13.1-676. 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.

(Code 1950, § 13.1-37; 1956, c. 428; 1985, c. 522.)

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Last modified: April 2, 2009