2011 Montana Code Annotated
TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
CHAPTER 1. BUSINESS CORPORATIONS
Part 4. Directors and Officers
35-1-420. Election of directors by certain classes of shareholders.


MT Code § 35-1-420 (1993 through 62d Legis Reg Sess) What's This?


35-1-420. 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.

History: En. Sec. 78, Ch. 368, L. 1991.

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