Pennsylvania § 5729 Voting rights of directors

Pennsylvania Statutes

§ 5729 — Voting rights of directors

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 57 OFFICERS, DIRECTORS AND MEMBERS·Subch. DIRECTORS, OFFICERS AND MEMBERS OF

(a)General rule.--Unless otherwise provided in a bylaw adopted by the members every director shall be entitled to one vote.

(b)Multiple and fractional voting.--The requirement of this subpart for the presence of or vote or other action by a specified percentage of directors shall be satisfied by the presence of or vote or other action by directors entitled to cast the specified percentage of the votes which all directors are entitled to cast.

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(a) General rule.--Unless otherwise provided in a bylaw adopted by the members every director shall be entitled to one vote.

(b) Multiple and fractional voting.--The requirement of this subpart for the presence of or vote or other action by a specified percentage of directors shall be satisfied by the presence of or vote or other action by directors entitled to cast the specified percentage of the votes which all directors are entitled to cast.

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Legislative History

(July 9, 2013, P.L.476, No.67, eff. 60 days) 2013 Amendment.Act 67 amended subsec. (b). CrossReferences.Section 5729 is referred to in section 5504 of this title.