§10-3721 Voting entitlement generally
Title 10 – Corporations and Associations
Chapter 30 – Members’ Meetings and Voting-nonprofit Corporations
Article 2 – Voting
- A. Unless the articles of incorporation or bylaws provide otherwise, each member is entitled to one vote on each matter voted on by the members. A member is entitled to vote only on those matters expressly provided in the articles of incorporation or bylaws.
- B. Unless the articles of incorporation or bylaws or written agreement signed by the subject members and delivered to the corporation provide otherwise, if a membership stands of record in the names of two or more persons, those persons’ acts with respect to voting shall have the following effect:
- 1. If only one votes, the act binds all.
- 2. If more than one votes, the vote shall be divided on a pro rata basis.