35-14-804. Election of directors -- certain classes or series of shares, MCA

Montana Code Annotated 2023

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 14. MONTANA BUSINESS CORPORATION ACT

Part 8. Directors and Officers

Election Of Directors -- Certain Classes Or Series Of Shares

35-14-804. Election of directors -- certain classes or series of shares. If the articles of incorporation or action by the board of directors pursuant to 35-14-602 authorizes dividing the shares into classes or series, the articles of incorporation may also authorize the election of all or a specified number of directors by the holders of one or more authorized classes or series of shares. A class or series or multiple classes or series of shares entitled to elect one or more directors constitute a separate voting group for purposes of the election of directors.

History: En. Sec. 96, Ch. 271, L. 2019.