35-14-804. Election of directors -- certain classes or series of shares. 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.
History: En. Sec. 96, Ch. 271, L. 2019.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act
Part 8. Directors and Officers
35-14-801. Board of directors -- requirements -- functions
35-14-802. Qualifications of directors
35-14-803. Directors -- number -- election
35-14-804. Election of directors -- certain classes or series of shares
35-14-805. Terms of directors generally
35-14-806. Staggered terms for directors
35-14-807. Resignation of directors
35-14-808. Removal of directors by shareholders
35-14-809. Removal of directors by judicial proceeding
35-14-810. Vacancy -- board of directors
35-14-811. Compensation of directors
35-14-812. through 35-14-819 reserved
35-14-821. Action without meeting
35-14-825. Committees of board
35-14-826. Submission of matters for shareholder vote
35-14-827. through 35-14-829 reserved
35-14-830. Standards of conduct for directors
35-14-831. Standards of liability for directors
35-14-832. Director's liability for unlawful distributions
35-14-833. through 35-14-839 reserved
35-14-841. Functions of officers
35-14-842. Standards of conduct for officers
35-14-843. Resignation and removal of officers
35-14-844. Contract rights of officers
35-14-845. through 35-14-849 reserved
35-14-850. Definitions -- indemnification and advance for expenses
35-14-851. Permissible indemnification
35-14-852. Mandatory indemnification
35-14-853. Advance for expenses
35-14-854. Court-ordered indemnification and advance for expenses
35-14-855. Determination and authorization of indemnification
35-14-856. Indemnification of officers
35-14-858. Variation by corporate action -- application
35-14-860. Definitions -- director's conflicting interest transactions
35-14-863. Shareholders' action