State Codes and Statutes
Statutes > North-carolina > Chapter_55 > GS_55-8-04§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.)
