2006 Code of Virginia § 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 ofdirectors by the holders of one or more authorized classes of shares. Eachclass, or classes, of shares entitled to elect one or more directors is aseparate voting group for purposes of the election of directors.
(Code 1950, 13.1-37; 1956, c. 428; 1985, c. 522.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.