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§414-194 - Election of directors by certain classes of shareholders.

     [§414-194]  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.  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. [L 2000, c 244, pt of §1]

 

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