N.Y. Banking Law 6014 – Vote of stockholders
Current as of: 2024 | Check for updates
|
Other versions
§ 6014. Vote of stockholders. 1. Directors shall, except as otherwise required by this article or by the organization certificate as permitted by this article, be elected by a plurality of the votes cast at a meeting of stockholders by the holders of shares entitled to vote in the election.
Terms Used In N.Y. Banking Law 6014
- Organization certificate: includes (a) the original organization certificate or any other instrument filed or issued under any statute to form a corporation or foreign corporation, as amended, supplemented or restated by certificates of amendment, merger or consolidation or other certificates or instruments filed or issued under any statute; or (b) a special act or charter creating a corporation or foreign corporation, as amended, supplemented or restated by special acts or by certificates of amendment, merger or consolidation or other certificates or instruments filed or issued under any statute. See N.Y. Banking Law 1001
2. Whenever any corporate action, other than the election of directors, is to be taken under this chapter by vote of the stockholders, it shall, except as otherwise required by this chapter or by the organization certificate as permitted by this article, be authorized by a majority of the votes cast at a meeting of stockholders by the holders of shares entitled to vote thereon.