If the articles of incorporation or action by the board of directors pursuant to section 30-29-602, Idaho Code, authorizes 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 (1) or more authorized classes or series of shares. A class or series, or multiple classes or series, of shares entitled to elect one (1) or more directors is a separate voting group for purposes of the election of directors.
Idaho Code § 30-29-804
Election of directors by certain classes or series of shares
Known as the Idaho Business Corporation Act
The act spans §§ 30–30 (209 sections).
I.C., § 30-29 -804, as added by 2015, ch. 243, § 63, p. 758; am. 2019, ch. 90, § 76, p. 220.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.