CODE OF VIRGINIA

ELECTION OF DIRECTORS BY CERTAIN CLASSES OF SHAREHOLDERS (§ 13.1-676)

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: Code 1950, § 13.1-37; 1956, c. 428; 1985, c. 522.