180.0726

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180.0726 Action by single and multiple voting groups.

180.0726(1)

(1) If the articles of incorporation or this chapter provides for voting by a single voting group on a matter, action on that matter is taken when voted upon by the voting group as provided in § 180.0725.

180.0726(2)

(2) If the articles of incorporation or this chapter provides for voting by 2 or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in § 180.0725. Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.

180.0726(3)

(3) A voting group described in § 180.0103 (19)(b) constitutes a single voting group for purposes of voting on the matter on which the shares are entitled to vote.