Section 47-1A-726 - Action by single and multiple voting groups.
47-1A-726. Action by single and multiple voting groups. 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 § 47-1A-725. 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 § 47-1A-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.
Source: SL 2005, ch 239, § 109.