NOTE: Former Section 194 provided for shareholder voting for managers and directors of incorporated companies, provided for issuance of preferred stock with no voting rights, and provided that no person engaged or interested in a competing business serve on the board of directors without consent of a majority in interest of the stockholders.

The repeal of Section 194 was proposed by Laws 1987, ch. 691, Senate Concurrent Resolution No. 550, and upon ratification by the electorate on November 3, 1987, was deleted by proclamation of the Secretary of State on December 4, 1987.