123.77. Unless otherwise provided in the articles, the shareholders may, by resolution, remove a director at a special meeting called for that purpose.
Where persons holding shares of a class have the exclusive right to elect a director, that director may be removed only at a special meeting of the shareholders called for that purpose in the same manner as a special general meeting of the shareholders of the company or in any other manner indicated in the articles or by-laws of the company.
1979, c. 31, s. 27; 1980, c. 28, s. 14; 1987, c. 5, s. 5.