490.726 - ACTION BY SINGLE OR MULTIPLE GROUPS.

        490.726  ACTION BY SINGLE OR MULTIPLE GROUPS.         1.  If the articles of incorporation or this chapter provide for      voting by a single voting group on a matter, action on that matter is      taken when voted upon by that voting group as provided in section      490.725.         2.  If the articles of incorporation or this chapter provide for      voting by two 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 section 490.725.  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.  
         Section History: Recent Form
         89 Acts, ch 288, §66         Referred to in § 534.501, 534.504