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 (1) or more authorized classes of shares. A class (or classes) of shares entitled to elect one (1) or more directors is a separate voting group for purposes of the election of directors.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
Subchapter 8 - Directors — Officers — Meetings — Standards of Conduct — Indemnification
§ 4-27-801. Requirement for and duties of board of directors
§ 4-27-802. Qualifications of directors
§ 4-27-803. Number and election of directors
§ 4-27-804. Election of directors by certain classes of shareholders
§ 4-27-805. Terms of directors generally
§ 4-27-806. Staggered terms for directors
§ 4-27-807. Resignation of directors
§ 4-27-808. Removal of directors by shareholders