This text of Nebraska § 21-267 (Quorum and voting requirements for
voting groups) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(MBCA
7.25) (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, 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.
(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 set 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
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(MBCA
7.25) (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, 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.
(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 set 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 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 21-269 .
(e)
The election of directors is governed by section 21-270 .
(f) Whenever a provision
of the Nebraska Model Business Corporation Act provides for voting of classes
or series as separate voting groups, the rules provided in subsection (c)
of section 21-2,153 for amendments of articles of incorporation apply to that
provision.