§7.26. Action by single and multiple voting groups

Link to law: http://legislature.vermont.gov/statutes/section/11A/007/00007.26
Published: 2015

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The Vermont Statutes Online



Title

11A

:
Vermont Business Corporations






Chapter

007

:
SHAREHOLDERS






Subchapter

002
:
VOTING










 

§

7.26. Action by single and multiple voting groups

(a) If the

articles of incorporation or this title provide for voting by a single voting

group on a matter, action on that matter is taken when voted upon by that

voting group as provided in section 7.25 of this title.

(b) If the

articles of incorporation or this title provide for voting by two or more

voting groups on a matter, action on that matter is taken only when voted upon

by each of those voting groups counted separately as provided in section 7.25

of this title. Action may be taken by one voting group on a matter even though

no action is taken by another voting group entitled to vote on the matter.

(Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)
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