Public-domain · open source
OpenJurist

Mont. Code Ann. § 35-14-804

Election of directors -- certain classes or series of shares

Known as the Montana Business Corporation Act

The act spans §§ 35–35 (243 sections).

En

If the articles of incorporation or action by the board of directors pursuant to 35-14-602 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 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 constitute a separate voting group for purposes of the election of directors.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.