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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346814</law_id><section_number>13.1-676</section_number><catch_line>Election of directors by certain classes or series of shares</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="44" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="12" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="11" identifier="9">Directors and Officers</unit></structure><text>
						<section><p>If the <span class="dictionary">articles of incorporation</span> authorize dividing the <span class="dictionary">shares</span> into classes or series, the <span class="dictionary">articles of incorporation</span> 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 <span class="dictionary">shares</span>. A class or series, or multiple classes or series, of <span class="dictionary">shares</span> entitled to elect one or more directors is a separate <span class="dictionary">voting group</span> for purposes of the election of directors.</p></section></text><history>Code 1950, &#xA7; 13.1-37; 1956, c. 428; 1985, c. 522; 2019, c. 734.</history><metadata><court_decisions></court_decisions></metadata></law>
