North Carolina General Statutes 55A-7-26. Other methods of electing directors
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A corporation may provide in its articles of incorporation or bylaws for election of directors by members or delegates:
(1) On the basis of chapter or other organizational unit;
Terms Used In North Carolina General Statutes 55A-7-26
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) By region or other geographic unit;
(3) By preferential voting; or
(4) By any other reasonable method. (1955, c. 1230; 1973, c. 192, ss. 1, 2; 1985, (Reg. Sess., 1986), c. 801, ss. 19, 21; 1993, c. 398, s. 1.)