Wyoming § 17-19-1004 Class voting by members on amendments

Wyoming Statutes

§ 17-19-1004 — Class voting by members on amendments

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 19 WYOMING NONPROFIT CORPORATION ACT·Art. 10 AMENDMENT OF ARTICLES OF

(a)The members of a class in a public benefit corporation are entitled to vote as a class on a proposed amendment to the articles if the amendment would change the rights of that class as to voting in a manner different than the amendment affects another class or members of another class.

(b)The members of a class in a mutual benefit corporation are entitled to vote as a class on a proposed amendment to the articles if the amendment would:

(i)Affect the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or transfer of memberships in a manner different than the amendment would affect another class;

(ii)Change the rights, privileges, preferences, restrictions or conditions of that class as to voting, dissolution, redemption or

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(a) The members of a class in a public benefit corporation
are entitled to vote as a class on a proposed amendment to the
articles if the amendment would change the rights of that class
as to voting in a manner different than the amendment affects
another class or members of another class.
(b) The members of a class in a mutual benefit corporation
are entitled to vote as a class on a proposed amendment to the
articles if the amendment would:
(i) Affect the rights, privileges, preferences,
restrictions or conditions of that class as to voting,
dissolution, redemption or transfer of memberships in a manner
different than the amendment would affect another class;
(ii) Change the rights, privileges, preferences,
restrictions or conditions of that class as to voting,
dissolution, redemption or transfer by changing the rights,
privileges, preferences, restrictions or conditions of another
class;
(iii) Increase or decrease the number of memberships
authorized for that class;
(iv) Increase the number of memberships authorized
for another class;
(v) Effect an exchange, reclassification or
termination of the memberships of that class; or
(vi) Authorize a new class of memberships.
(c) The members of a class of a religious corporation are
entitled to vote as a class on a proposed amendment to the
articles only if a class vote is provided for in the articles or
bylaws.
(d) If a class is to be divided into two (2) or more
classes as a result of an amendment to the articles of a public
benefit or mutual benefit corporation, the amendment shall be
approved by the members of each class that would be created by
the amendment.
(e) Except as provided in the articles or bylaws of a
religious corporation, if a class vote is required to approve an
amendment to the articles of a corporation, the amendment shall
be approved by the members of the class by two-thirds (2/3) of
the votes cast by the class or a majority of the voting power of
the class, whichever is less.
(f) A class of members of a public benefit or mutual
benefit corporation is entitled to the voting rights granted by
this section although the articles and bylaws provide that the
class cannot vote on the proposed amendment.