§ 12:1-727 — Greater quorum or voting requirements

§1-727. Greater quorum or voting requirements
A. The articles of incorporation may provide for a greater voting requirement for
shareholders, or voting groups of shareholders, than is provided for by this Chapter. The
articles of incorporation may make a quorum requirement for shareholders, or for a voting
group of shareholders, greater or lesser than that provided by this Chapter, but the
requirement may not be lower than shares having twenty-five percent of the votes entitled
to be cast on a matter.
B. An amendment to the articles of incorporation that adds, changes, or deletes a
quorum or voting requirement must meet the same quorum requirement and be adopted by
the same vote and voting groups required to take action under the quorum and voting
requirements then in effect or proposed to be adopted, whichever is greater.

Legislative History

Acts 2014, No. 328, §1, eff. Jan. 1, 2015; Acts 2016, No. 442, §1; Acts 2017, No. 57, §1.