Colorado § 7-107-206 Quorum and voting requirements for voting groups

Colorado Statutes

§ 7-107-206 — Quorum and voting requirements for voting groups

Colorado·Title 07 Corporations·Art. Shareholders

(1)Shares entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those shares exists with respect to that matter. Unless otherwise provided in articles 101 to 117 of this title or in the articles of incorporation, a majority of the votes entitled to be cast on the matter by the voting group constitutes a quorum of that voting group for action on that matter, but a quorum shall not consist of fewer than one-third of the votes entitled to be cast on the matter by the voting group.

(2)Once a share is represented for any purpose at a meeting, including the purpose of determining that a quorum exists, it is deemed present for quorum purposes for the remainder of the meeting and for any adjournment of that meeting, unless otherwise p

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(1) Shares
entitled to vote as a separate voting group may take action on a matter at a
meeting only if a quorum of those shares exists with respect to that matter. Unless
otherwise provided in articles 101 to 117 of this title or in the articles of
incorporation, a majority of the votes entitled to be cast on the matter by the voting
group constitutes a quorum of that voting group for action on that matter, but a
quorum shall not consist of fewer than one-third of the votes entitled to be cast on
the matter by the voting group.

(2) Once a share is represented for any purpose at a meeting, including the
purpose of determining that a quorum exists, it is deemed present for quorum
purposes for the remainder of the meeting and for any adjournment of that
meeting, unless otherwise provided in the articles of incorporation or unless a new
record date is or shall be set for that adjourned meeting.

(3) If a quorum exists, action on a matter other than the election of directors
by a voting group is approved if the votes cast within the voting group favoring the
action exceed the votes cast within the voting group opposing the action, unless a
greater number of affirmative votes is required by articles 101 to 117 of this title or
the articles of incorporation.

(4) An amendment to the articles of incorporation adding, changing, or
deleting a quorum or voting requirement for a voting group greater than that
specified in subsection (1) or (3) of this section is governed by section 7-107-208 (2).

(5) The election of directors is governed by section 7-107-209.

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