§ 17-16-725 — Quorum and voting requirements for voting groups

Wyoming § 17-16-725

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 7: SHAREHOLDERS

Text

(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 or this act 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 shall 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 or this act 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 or lesser than specified in subsection (a) or (c)
of this section is governed by W.S. 17-16-727.
(e) The election of directors is governed by W.S.