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Current as of March 28, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Arkansas Code Title 4. Business and Commercial Law § 4-27-804. Election by classes - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-4-business-and-commercial-law/ar-code-sect-4-27-804/
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