Votes required for adoption of proposal to dissolve.

Checkout our iOS App for a better way to browser and research.

47-1A-1402.3. Votes required for adoption of proposal to dissolve.

Unless the articles of incorporation or the board of directors acting pursuant to §47-1A-1402.1 require a greater vote, a greater number of shares to be present, or a vote by voting groups, adoption of the proposal to dissolve shall require the approval of the shareholders at a meeting at which a quorum consisting of at least a majority of the votes entitled to be cast exists.

Source: SL 2005, ch 239, §312.


Download our app to see the most-to-date content.