§ 7-127-202 — Voting entitlement generally

(1) Unless otherwise provided by
the bylaws:

(a) Only voting members shall be entitled to vote with respect to any matter
required or permitted under articles 121 to 137 of this title to be submitted to a vote
of the members;

(b) All references in articles 121 to 137 of this title to votes of or voting by the
members shall be deemed to permit voting only by the voting members; and

(c) Voting members shall be entitled to vote with respect to all matters
required or permitted under articles 121 to 137 of this title to be submitted to a vote
of the members.

(2) Unless otherwise provided by the bylaws, each member entitled to vote
shall be entitled to one vote on each matter submitted to a vote of members.

(3) Unless otherwise provided by the bylaws, if a membership stands of
record in the names of two or more persons, their acts with respect to voting shall
have the following effect:

(a) If only one votes, such act binds all; and

(b) If more than one votes, the vote shall be divided on a pro rata basis.

Legislative History

Source: L. 97: Entire article added, p. 683, � 3, effective July 1, 1998.