Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 9. Virginia Stock Corporation Act |
ARTICLE 9. Directors and Officers |
SECTION 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 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. Code 1950, § 13.1-37; 1956, c. 428; 1985, c. 522. |