2006 New York Code - Election And Term Of Directors.

 
  § 703. Election and term of directors.
    (a) At each annual meeting of shareholders, directors shall be elected
  to  hold  office  until  the next annual meeting except as authorized by
  section  704  (Classification  of   directors).   The   certificate   of
  incorporation  may  provide for the election of one or more directors by
  the holders of the shares of any class or series, or by the  holders  of
  bonds  entitled to vote in the election of directors pursuant to section
  518 (Corporate bonds), voting as a class.
    (b) Each director shall hold office until the expiration of  the  term
  for  which  he  is elected, and until his successor has been elected and
  qualified.