§ 12:1-804 — Election of directors by certain classes of shareholders

Louisiana § 12:1-804

• Jurisdiction: Louisiana
• Title 12: Conservation of Cultural Resources

Text

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 or more authorized classes of shares. A class, or classes, of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors.

Legislative History

Acts 2014, No. 328, §1, eff. Jan. 1, 2015.