Title 7 – Corporations and Associations
Article 127 – Members’ Meetings and Voting
Action by single and multiple voting groups
7-127-206. Action by single and multiple voting groups
(1) If articles 121 to 137 of this title or the bylaws 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 7-127-205.
(2) If articles 121 to 137 of this title or the bylaws 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 7-127-205. One voting group may vote on a matter even though no action is taken by another voting group entitled to vote on the matter.
History
Source: L. 97: Entire article added, p. 686, § 3, effective July 1, 1998.