§ 55-8-04. Election of directors by certain classes of shareholders. - North Carolina Statutes

§55‑8‑04.  Election of directors by certain classes of shareholders.

If the articles ofincorporation authorize dividing the shares into classes, the articles may alsoauthorize the election of all or a specified number of directors by the holdersof one or more authorized classes of shares.  A class (or classes) of sharesentitled to elect one or more directors is a separate voting group for purposesof 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.)