CODE OF VIRGINIA

ELECTION OF DIRECTORS BY CERTAIN CLASSES OR SERIES OF SHARES (§ 13.1-676)

If the articles of incorporation authorize 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 is a separate voting group for purposes
of the election of directors.

HISTORY: Code 1950, § 13.1-37; 1956, c. 428; 1985, c. 522; 2019, c. 734.