Delaware Code Title 6 Sec. 1405 – Voting rights of members and stockholders
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Pursuant to the organizational documents (or voting trust agreements), at least a majority of the board of directors shall be elected by the members on the basis of 1 member, 1 vote.
Terms Used In Delaware Code Title 6 Sec. 1405
- Member: means any patron of a workers cooperative that has been accepted for membership in such workers cooperative and whose membership has not been terminated. See Delaware Code Title 6 Sec. 1401