WEST VIRGINIA CODE
WVC 31 E- 8 - 807
§31E-8-807. Staggered terms for directors.
(a) The articles of incorporation may provide for staggering
the terms of directors, other than ex officio directors, by
dividing the total number of directors, other than ex officio
directors, into up to five groups, with each group containing
approximately the same percentage of the total number of directors,
as possible. In that event, the terms of directors in the first
group expire at the first annual meeting of members or, in the case
of a corporation without members entitled to vote for directors, at
the first annual meeting of the board of directors, after their
election, the terms of the second group expire at the second
annual meeting of members or directors after their election, the
terms of the third group, if any, expire at the third annual
meeting of members or directors after their election, the terms of
the fourth group, if any, expire at the fourth annual meeting of
members or directors after their election, and the terms of the
fifth group, if any, expire at the fifth annual meeting of members
or directors after their election. At each annual meeting
thereafter, directors are to be chosen for a term of two years,
three years, four years or five years, as the case may be, to
succeed those whose terms expire.
(b) If a corporation has cumulative voting pursuant to section
seven hundred twenty-seven, article seven of this chapter, this
section applies only if there are at least three directors in each
group.
Note: WV Code updated with legislation passed through the 2012 1st Special Session