Election of Directors by Certain Classes of Shareholders

4 CMC § 4444 — under Directors and Officers.

4 CMC § 4444

TITLE 4: ECONOMIC RESOURCES

DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

§ 4444. 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. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 8.04).