Election of Directors by Certain Classes of Shareholders.

  1. Law
  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
  4. Business Corporations.
  5. Directors and Officers.
  6. Board of Directors.
  7. Election of Directors by Certain Classes of Shareholders.

Checkout our iOS App for a better way to browser and research.

Section 10A-2-8.04

Election of directors by certain classes of shareholders.

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

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.

(Acts 1994, No. 94-245, p. 343, §1; §10-2B-8.04; amended and renumbered by Act 2009-513, p. 967, §116.)


Download our app to see the most-to-date content.