If the certificate of incorporation or action by the board of directors pursuant to Section 10A-2A-6.02 authorizes dividing the stock into classes or series, the certificate 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 stock. A class or series (or multiple classes or series) of stock entitled to elect one or more directors is a separate voting group for purposes of the election of directors.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 8 - Directors and Officers.
Division A - Board of Directors.
Section 10A-2A-8.01 - Requirement for and Functions of Board of Directors.
Section 10A-2A-8.02 - Qualifications of Directors.
Section 10A-2A-8.03 - Number and Election of Directors.
Section 10A-2A-8.04 - Election of Directors by Certain Classes or Series of Stock.
Section 10A-2A-8.05 - Terms of Directors Generally.
Section 10A-2A-8.06 - Staggered Terms for Directors.
Section 10A-2A-8.07 - Resignation of Directors.
Section 10A-2A-8.08 - Removal of Directors by Stockholders.
Section 10A-2A-8.09 - Removal of Directors by Judicial Proceeding.