15-2-134. REMOVAL OF DIRECTORS BY SHAREHOLDERS.
- The shareholders may remove one or more directors with or without cause unless the articles of incorporation provide that directors may be removed only for cause.
- If a director is elected by a voting group of shareholders, only the shareholders of that voting group may participate in the vote to remove him or her.
- A director may be removed by the shareholders only at a meeting called for that purpose and the meeting notice must state that the purpose, or one of the purposes, of the meeting is removal of the director.
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