Idaho § 30-29-725 QUORUM AND VOTING REQUIREMENTS FOR VOTING GROUPS

Idaho Statutes

§ 30-29-725 — QUORUM AND VOTING REQUIREMENTS FOR VOTING GROUPS

Idaho·Title 30 CORPORATIONS·Part 7 SHAREHOLDERS·Ch. 29 GENERAL BUSINESS CORPORATIONS

(a)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 the articles of incorporation provide otherwise, shares representing 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. If the provisions of this chapter require a particular quorum for a specified action, the articles of incorporation may not provide for a lower quorum.

(b)Once a share is represented for any purpose at a meeting, it is deemed present for quorum purposes for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or must be fixed for that adjourned meeting.

(c)If a qu

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(a) 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 the articles of incorporation provide otherwise, shares representing 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. If the provisions of this chapter require a particular quorum for a specified action, the articles of incorporation may not provide for a lower quorum.
(b) Once a share is represented for any purpose at a meeting, it is deemed present for quorum purposes for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or must be fixed for that adjourned meeting.
(c) 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 opposing the action, unless the articles of incorporation require a greater number of affirmative votes.
(d) An amendment of the articles of incorporation adding, changing or deleting a quorum or voting requirement for a voting group greater than specified in subsection (a) or (c) of this section is governed by section 30-29-727, Idaho Code.
(e) The election of directors is governed by section 30-29-728, Idaho Code.
(f) If a provision of this chapter provides for voting of classes or series as separate voting groups, the rules provided in section 30-29-1004 (c), Idaho Code, for amendments of the articles of incorporation shall apply to that provision.

Idaho § 30-29-725 (QUORUM AND VOTING REQUIREMENTS FOR VOTING GROUPS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.