If the articles of incorporation authorize dividing the shares of the corporation into classes or series, the articles of incorporation may authorize the election of all or a stated number or portion of directors by the holders of one or more authorized classes or series of shares. A class or series of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors.
Source: L. 93: Entire article added, p. 779, § 1, effective July 1, 1994. L. 2003: Entire section amended, p. 2319, § 240, effective July 1, 2004.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 108 - Directors and Officers
§ 7-108-101. Requirement for Board of Directors
§ 7-108-102. Qualifications of Directors
§ 7-108-103. Number and Election of Directors
§ 7-108-104. Election of Directors by Certain Classes of Shareholders
§ 7-108-105. Terms of Directors Generally
§ 7-108-106. Staggered Terms for Directors
§ 7-108-107. Resignation of Directors
§ 7-108-108. Removal of Directors by Shareholders