Montana Code 35-2-541. Other methods of electing directors
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35-2-541. Other methods of electing directors. A corporation may provide in its articles or bylaws for election of directors by members or delegates:
Terms Used In Montana Code 35-2-541
- articles: include amended and restated articles of incorporation and articles of merger. See Montana Code 35-2-114
- Bylaws: means the code, codes, or rules, other than the articles, adopted pursuant to this chapter for the regulation or management of the affairs of the corporation, regardless of the name or names by which the code, codes, or rules are designated. See Montana Code 35-2-114
- Delegates: means those persons elected or appointed to vote in a representative assembly for the election of a director or directors or on other matters. See Montana Code 35-2-114
- Directors: means individuals:
(a)designated in the articles or bylaws or elected by the incorporators and their successors; and
(b)elected or appointed by any other name or title to act as members of the board. See Montana Code 35-2-114
- voting: includes but is not limited to the giving of consent in the form of a record provided electronically or by written ballot and written consent. See Montana Code 35-2-114
(1)on the basis of chapter or other organizational unit;
(2)by region or other geographic unit;
(3)by preferential voting; or
(4)by any other reasonable method.