Voting by Classes of Members
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Law
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Georgia Code
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Corporations, Partnerships, and Associations
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Nonprofit Corporations
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Amendment of Articles of Incorporation and Bylaws
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Amendment of Bylaws
- Voting by Classes of Members
If the articles or bylaws provide for voting by classes of members, then unless the articles or bylaws provide otherwise:
- The members of a class are entitled to vote as a class on a proposed amendment to the bylaws if the amendment would change the rights of that class as to voting in a different manner than such amendment would affect another class or members of another class;
- If a class is to be divided into two or more classes as a result of an amendment to the bylaws, the amendment must be approved by the members of each class that would be created by the amendment; and
- If a class vote is required to approve an amendment to the bylaws, the amendment must be approved by the members of the class by two-thirds of the votes cast by the class or a majority of the voting power of the class, whichever is less.
(Code 1981, §14-3-1022, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 1992, p. 6, § 14.)
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