§414D-115 - Other methods of electing directors.
§414D-115 Other methods of electingdirectors. (a) A corporation may provide in its articles or bylaws forthe election of directors by members or delegates:
(1) On the basis of chapter or other organizationalunit;
(2) By region or other geographic unit;
(3) By preferential voting; or
(4) By any other reasonable method.
(b) Where directors or officers are to beelected by members, the bylaws or board of directors may allow the election tobe conducted by mail if no less than two thousand five hundred members areeligible to vote on the record date determined pursuant to section 414D-107,and the primary purpose of the corporation is the management of a plannedcommunity as defined in section 421J-2. Except for the corporations describedin this subsection, the election of directors may be conducted by mail only ifso provided in a corporation's bylaws or articles of incorporation. [L 2001, c105, pt of §1; am L 2002, c 130, §51; am L 2003, c 87, §1]