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Section 33-8-104. Election of directors by certain classes of shareholders.

SC Code § 33-8-104 (2019) (N/A)
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If the articles of incorporation authorize dividing the shares into classes, the articles also may authorize the election of all or a specified number of directors by the holders of one or more authorized classes of shares. A class of shares entitled to elect one or more directors is a separate voting group for purposes of the election of directors.

HISTORY: Derived from 1976 Code Section 33-13-50 [1962 Code Section 12-18.5; 1962 (52) 1996; 1963 (53) 327; 1981 Act No. 146, Section 2; Repealed, 1988 Act No. 444, Section 2]; 1988 Act No. 444, Section 2.

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Section 33-8-103. Number and election of directors.
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