Vt. Stat. tit. 11A § 8.04

Current through L. 2024, c. 185.

Section 8.04 - 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. A class (or classes) of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors.

11A V.S.A. § 8.04

Added 1993, No. 85, § 2, eff. 1/1/1994.